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 …

The primary aim of this paper is to identify key similarities and differences in the conceptualization of culture … and innovation culture, as well as to identify the characteristics that contribute to the sustainable culture of business … combination of innovative culture at the business and regional levels should be perceived as a dynamic and co-evolutionary process …