Jack Austin Centre for Asia Pacific Business Studies
Effects of Cultural Differences in Economic Development among the Four Asian Tigers
Free
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Abstract: Despite high expectations that the four Asian tigers would quickly join the rank of advanced economies, Singapore and Hong Kong did so at the end of the 1980s, Taiwan did so in 2010, but South Korea had not yet achieved the rank as of 2012. Recognizing the complementarity of multiple factors shaping economic development, this paper discusses cultural effects on economic development. In particular, it seeks to assess the effects of one important aspect of culture – social trust – in impeding Korea’s economic development. To this end, this paper compares 33 social trust indicators measured by five worldwide organizations for the four countries. On almost all indicators, Taiwan and Korea have fallen significantly and consistently behind Singapore and Hong Kong. In particular, Korea recorded the lowest scores on almost all indicators, suggesting the need for Korea to further develop social trust as a key ingredient in promoting its economy toward advanced economy status. |
Date: | Friday, March 14, 2014 |
Time: | 2:30pm – 4:00pm Presentation & QA |
Location: | Segal Graduate School 500 Granville Street, Vancouver Room 2300 (2nd floor) |
Cost: | Complimentary |
RSVP: | Registration is now closed. |
Inquiries: | Please contact beedie-events@sfu.ca |
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