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Introduction:
The role of culture in the economic development of countries is often overlooked by economists, yet it can significantly affect a country's economic development. Culture generates assets, such as skills, products, expression, and insight that contribute to the social and economic well being of the community. I will show the benefit of culture's impact on economic development through tourism, social capital, and corporate governance. In contrast, culture can produce negative outcomes in economic development. Cultural issues, such as gender inequality, lack of social capital, and diminishing cultural heritages, contribute to a downgrading economy.
To understand culture's impact on a country's economic development, it is important to understand what culture is: a system of values and norms that are shared among a group of people and that when taken together constitute a design for living (Hill 98). Furthermore, it is about the way the people live, and how the......
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Title: The Role Of Culture In The Economic Development Of Countries
Approximate Word Count: 3338
Approximate Pages: 14 (250 words per double-spaced page)
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