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Essay

Culture,s consequences for economic development

Essay specific features

 

Issue:

Book Reports

 

Written by:

Calvin B

 

Date added:

July 23, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

21 / 5607

 

Was viewed:

5174 times

 

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Essay content:

We find that, when it comes to economic growth, not all cultures are created equal. For the global company and the practicing manager, our results indicate that cultural values appear to have some statistically significant and operationally meaningful economic effects. We also evolve and test a more encompassing framework within which cultural and political factors continuously interact to enable or discourage growth...
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We also evolve and test a more encompassing framework within which cultural and political factors continuously interact to enable or discourage growth. Our interactive model explains fully 51 percent (p<.01) of the country-to-country variance in per capita GDP growth over the two decades studied. We discuss implications for business at the macro- and micro-levels, and propose that any fully specified analysis of managerial prescriptions and proscriptions must consider the effects of culture and the process of culture change...
displayed 300 characters

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