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Cultural traits and productive transformation: Colombia in international perspective

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  • Fabián Garzón Cuervo

Abstract

Drawing from the consideration of cultural values as an explanatory factor of economic development, this article correlates the cultural traits reported by Hofstede’s Cultural Dimension model with the results in terms of industrialization for Colombia and selected cultural clusters. By contrasting industrialization-oriented policy choices with the evolution of export composition and industrial competitiveness indicators, we conclude that guided by a short-term, materialistic, nepotistic, and intolerant to uncertainty orientation, Colombian economic authorities and elites have helped in the prolongation of an underdeveloped industrial structure by favoring closed groups through extractive institutions, while Asia, instead of adopting ‘western values’, has drawn upon a long-term orientation to implement risky but sound, coordinated, and convergent social and economic policies in order to industrialize

Suggested Citation

  • Fabián Garzón Cuervo, 2019. "Cultural traits and productive transformation: Colombia in international perspective," Revista CIFE, Universidad Santo Tomás, vol. 21(35), pages 105-139, July.
    • Handle: RePEc:col:000195:019181
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    File URL: https://revistas.usantotomas.edu.co/index.php/cife/article/view/5372/5158
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    More about this item

    Keywords

    Culture; Industrialization; Colombia; Asia; Hofstede;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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