Individualism, innovation, and long-run growth
Abstract
Countries having a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus, provides not only monetary incentives for innovation but also social status rewards, leading to higher rates of innovation and economic growth.
- Publication:
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Proceedings of the National Academy of Science
- Pub Date:
- December 2011
- DOI:
- Bibcode:
- 2011PNAS..10821316G