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How Culture Impacts Economic Development: A Cross-country Comparison

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  • Rubén Berríos

Abstract

The significance of cultural factors in economic development is analyzed. Culture here refers to values, behaviors, and beliefs. Culture alone cannot explain development, but there are some factors that help us understand why some countries develop faster than others. The study makes use of the World Values Survey as a road map for analysis using cross-cultural comparisons. The analysis focuses on two key core values: trust and achievement. This is applied to two regions: East Asia (Japan and Korea) and Latin America (Mexico and Peru). The aim is to examine how aspects of culture help accelerate or impede development.

Suggested Citation

  • Rubén Berríos, 2024. "How Culture Impacts Economic Development: A Cross-country Comparison," Journal of Developing Societies, , vol. 40(2), pages 150-175, June.
    • Handle: RePEc:sae:jodeso:v:40:y:2024:i:2:p:150-175
    DOI: 10.1177/0169796X241237978
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    References listed on IDEAS

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    1. Daron Acemoglu & James A. Robinson, 2021. "Culture, Institutions and Social Equilibria: A Framework," NBER Working Papers 28832, National Bureau of Economic Research, Inc.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
    3. Manuel Couret Branco, 2007. "Family, religion and economic performance: A critique of cultural determinism," Review of Social Economy, Taylor & Francis Journals, vol. 65(4), pages 407-424.
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