International Journal in Management & Social Science
  • Year: 2016
  • Volume: 4
  • Issue: 6

Cultural Values, Economic Growth and Development

  • Author:
  • Philip O. Sijuwade
  • Total Page Count: 6
  • Page Number: 656 to 661

School of Urban and Public Affairs University of Texas, Arlington, Texas

Online published on 8 August, 2018.

Abstract

The ties between cultural values and economic growth are examined. The achievement motive thesis developed by Mc Clelland is utilized as a specific empirical point of reference. The theory is tested using the World Values Survey, a database of interview collected in many countries around the world. In this study, data are used for twenty-five countries, and strong evidence indicates that certain cultural values help to spur economic growth.

Keywords

Culture, Development, Norms, Achievement Motivation, Materialism, Mobility