Illustration of development process affected on culture, Business Economics

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Illustrate some example of the development process affected on culture.

Examples of the development process affected on culture:

• Foreign Direct investment (FDI) and IMF structural reform package scan be considered as neo (near) colonialism since they including adopting a foreign business culture.

• In western ideas are accepted only when they do not contradict prevailing social structure and religious beliefs.

• Russia is struggling to put back the values of communism along with which of a free-market democracy and economy

• A culture of material consumption is acquiring ground in between the emerging middle classes of LDCs.


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