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This chapter begins by noting that culture as an element in economic development in the Third World has been largely … neglected in traditional development economics, most writers either seeing culture as an obstacle to development or ignoring it … altogether. Recently a shift in thinking has occurred whereby culture is now more widely seen as being more central to the …
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This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
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