Abstract
Abstract Ronald Inglehart (1990, 1997) coined the term ‘‘postmaterialists’’ to explain the value changes in postindustrial societies. Among its multiple effects, Inglehart argued that postmaterialism influenced orientations toward the economic system and economic policy. However, postmaterialism’s influence on economic orientation needs to be reconsidered by analyzing the separate impact of risk avoidance, because risk avoidance is a potentially powerful source of resistance to taking risks in the market economy. In this chapter, we examine whether risk avoidance and postmaterialism have independent or interactive impacts on the support for the market economy, thereby shaping the developmental pattern in East Asia.
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