Abstract
Business gang refers to the enterprise cluster formed by geographical relationship, which has always been the focus of research on entrepreneurship and regional economic development. The research of new institutional economics shows that culture, as an informal system, will change the social psychology, thinking mode and behavior of economic individuals, and provide a good environment for the growth of start-ups, thus affecting economic activities and economic development. Taking the five modern business gangs in China as the research subject, this paper uses the comparative method to analyze the regional cultural differences of the five modern business gangs, as well as the differences of the entrepreneurs’ psychological characteristics and startup behaviors. Through the analysis of the economic data of the provinces where the modern business gangs are located, this paper summarizes the differences of economic development in different regions. It is concluded that regional culture has a significant impact on the development of modern business gangs and regional economy. It is necessary to give full play to the advantages of regional culture and promote the high-quality development of modern business gangs and regional economy.
Highlights
Underlying each particular economic phenomenon, there are cultural heritage and beliefs, which affect people’s behaviors in economic life, affecting economic development (Koslowski, 2010)
This paper focuses on the “individual” in the new institutional economics, and believes that the distinctive regional culture plays a potential role in the formation of entrepreneurship
As can be seen from the above analysis, there is a crucial connection between culture and economy, and regional culture with local characteristics exerts a profound impact on the development of regional economy (Ying and Su, 2018)
Summary
Underlying each particular economic phenomenon, there are cultural heritage and beliefs, which affect people’s behaviors in economic life, affecting economic development (Koslowski, 2010). The British anthropologist, defined culture as a complex whole which includes knowledge, belief, customs, and many other capabilities and habits acquired by members of society. Its core is the spread and inheritance of spiritual wealth. The geographic environment, genetic factors and historical development of different countries shape the different regional cultures and the culture of the whole nation (Muthukrishna et al, 2020). Culture and economy are closed related, and the economy-culture integration is an inevitable trend worldwide.
Sign-in/Register to view highlights & summary 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.
