Abstract
This article contributes to research on the cultural determinants of nations’ economic performance. The first section shows that there is no evidence that cultural homogeneity favors development. Instead, it highlights the crucial role of cultural diversity in the task of discovering opportunities of profit for entrepreneurs. The second section discusses works on the presumed existence of values toxic for development. The third section criticizes this idea and contrasts a European model of development for innovation based on individualistic values and an Asian model of development through imitation based on family and holistic values.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
