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Trust

In: VALUES AT THE CORE How Human Values Contribute to the Rise of Nations

Author

Listed:
  • Thomas Grandjean
  • ChinHwee Tan

Abstract

After recording its first coronavirus case on March 5, 2020, South Africa reacted swiftly. Within 10 days, schools were shut, national borders closed, and large gatherings prohibited. By March 27, the country had entered a nationwide lockdown, one of the strictest in the world. Outdoor exercise was banned, and so were sales of alcohol and tobacco. One man was charged with attempted murder for breaching regulations by going to work and contaminating others. Heavy fines were meted out. More than 70,000 army troops were deployed in the streets to enforce the lockdown. Yet despite these drastic measures, and to the surprise of many observers, the number of new cases and deaths continued to rise. Official figures show that, by the end of September 2020, the country had recorded almost 700,000 cases and 17,000 deaths…

Suggested Citation

  • Thomas Grandjean & ChinHwee Tan, 2020. "Trust," World Scientific Book Chapters, in: VALUES AT THE CORE How Human Values Contribute to the Rise of Nations, chapter 4, pages 49-63, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811228537_0004
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    More about this item

    Keywords

    Values; Culture; Growth; Economic Growth; Development; Hard Work; Thrift; Trust; Social trust; Risk-Taking; China; Confucianism; Protestant Work Ethic; Policies; Political Stability; Free Markets; Education; Corruption; Rule of Law; Fiscal Policy; Monetary Policy; Covid-19; Coronavirus;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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