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International Journal in Management & Social Science
Year : 2016, Volume : 4, Issue : 6
First page : ( 656) Last page : ( 661)
Online ISSN : 2321-1784.

Cultural Values, Economic Growth and Development

Sijuwade Philip O.

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.

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Keywords

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

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