How does culture influence the development process, Business Economics

Assignment Help:

How does culture influence the development process?

Culture influences what is of value into a society and affects how individuals, communities and organisations react to modify. Cultural barriers can restrain economic growth.

The process of development essentially involves changes which threaten traditional ways of doing things. As like some example as given below:

• Western value systems emphasise the privileges of individuals. Several LDC cultures are collectivist in nature and notice individualism like a threat to cherished traditional values. This is not right for individuals to own land held within common for centuries

• Western and native cultures may have various types of views on women and class as an example of untouchable caste in some countries.

• Capitalist notions of meritocracy (by appointing the most excellent qualified person to a job irrespective of gender or race) might clash along with traditional loyalty to family or relationship group.


Related Discussions:- How does culture influence the development process

National income is initially at its equilibrium level, Assume  that nationa...

Assume  that national income is initially at its equilibrium level when desired investment falls. We would expect an enhance in national income by an amount equal to the decreasing

Define advocates of the international monetary fund argue, Define advocates...

Define advocates of the International Monetary Fund argue. Advocates of the International Monetary Fund (IMF) argue • Competitive devaluations were a characteristic of the i

PRODUCTION, Importance of production.

Importance of production.

Can less developed countries economies grow, Can less developed countries e...

Can less developed countries economies grow by developing services as tourism? Less developed countries economies grow by developing services as tourism when: The less deve

What are the requirements of national figure to adjusting, What are the req...

What are the requirements of national figure to adjusting? National figures first require adjusting: • For population: Dividing Gross Domestic Product (GDP) by total populat

Economics, Why does a production possibilities frontier with increasing opp...

Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape?

Assignment, impact of economic policies on decision of any organisation

impact of economic policies on decision of any organisation

Pricing practices, what is the important or usefulness of pricing practices...

what is the important or usefulness of pricing practices to management

Explain the theories of convergence, (a) Name three types of government int...

(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd