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

What is the social capital, What is the social capital? Social Capita...

What is the social capital? Social Capital: Social capital is related with Putnam: Social capital considers to as features of social life as networks, norms and trust whi

Abaca, What is the current economic status of abaca farming?

What is the current economic status of abaca farming?

Change in currency rate, Change in Currency Rate Change in the sterlin...

Change in Currency Rate Change in the sterling currency rate has also great consequences because it depends upon the sterling currency rate to the other countries as well. As

Greatest minimum efficient scale, The values for the long-run ATC curves of...

The values for the long-run ATC curves of three different firms are listed in the table below: Quantity ATC 1 ATC 2 ATC 3

Explanation of the instruments of monetary policy, Problem 1 Discuss ho...

Problem 1 Discuss how Monetary policy regulates the money supply in an economy through various instruments. A) Explanation of the instruments of monetary policy Problem

What factors will decrease staff availability, In long-term project plannin...

In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec

How is harrod-domar model used in planning, How is Harrod-Domar model used ...

How is Harrod-Domar model used in planning? The Harrod-Domar model is helpful to government for setting target rates for saving required to deliver a specified rate of economi

General and specific training, QUESTION 1 (a) Suppose the government de...

QUESTION 1 (a) Suppose the government decides to implement a minimum wage to help low-income workers. How will the minimum wage affect the demand for labor and what does this i

What are factor endowment implications, What are factor endowment implicati...

What are factor endowment implications? Implications of factor endowment: • Less Developed Countries to specialise and export labour intensive goods, agriculture or commodit

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