How does culture influence the development process, Business Economics

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How does culture influence the development process?

Culture influences what is of value into a society and affects how individuals, communities and organisations react to modify. Cultural barriers can restrain economic growth.

The process of development essentially involves changes which threaten traditional ways of doing things. As like some example as given below:

• Western value systems emphasise the privileges of individuals. Several LDC cultures are collectivist in nature and notice individualism like a threat to cherished traditional values. This is not right for individuals to own land held within common for centuries

• Western and native cultures may have various types of views on women and class as an example of untouchable caste in some countries.

• Capitalist notions of meritocracy (by appointing the most excellent qualified person to a job irrespective of gender or race) might clash along with traditional loyalty to family or relationship group.


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