Economic Themes (2011) 49 (4) 7, 619-632
Saša Obradović, Biljana Rakić, Srđan Šapić
Abstract: Attitudes and values are important factors of economic success. People who work hard and plan the future will most likely succeed, not those, who are lazy or have a passive attitude. However, we should not say that the attitude towards work is the only factor in economic success of the individual. If the difference in attitudes is important for individual success, the logical question is whether it can be important for the economic success of the country as a whole. Are the differences between countries in culture, i.e. values, attitudes and beliefs that prevail in society, partly responsible for differences in economic performance? Just testing this hypothesis is the subject of this paper. Idea that culture can be a factor of wealth of a nation is relatively recent.
Keywords: culture; economic growth; trust; values; society
CULTURAL DIFFERENCES AS A FACTOR OF ECONOMIC SUCCESS
Saša Obradović, Biljana Rakić, Srđan Šapić
Abstract: Attitudes and values are important factors of economic success. People who work hard and plan the future will most likely succeed, not those, who are lazy or have a passive attitude. However, we should not say that the attitude towards work is the only factor in economic success of the individual. If the difference in attitudes is important for individual success, the logical question is whether it can be important for the economic success of the country as a whole. Are the differences between countries in culture, i.e. values, attitudes and beliefs that prevail in society, partly responsible for differences in economic performance? Just testing this hypothesis is the subject of this paper. Idea that culture can be a factor of wealth of a nation is relatively recent.
Keywords: culture; economic growth; trust; values; society
