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About this product
- DescriptionIt is a wide-spread belief that the cultural background inhered in a society affects the requirements of ecomic development. This relationship requires theoretical and empirical justification. The present book provides this together with an analysis of the development of cultural background itself. Cultural background is embodied in political institutions, in transactions, kwledge, incentives, in social capital, even in the tangibles of the ecomy. Thus, ecomic development is shaped and the rate of growth is affected. Conversely, ecomic development affects cultural background. When this interaction takes place at a n-developmental cultural background level, which is associated with low growth rates, then a growth trap is formed. Within such a growth trap, ecomic policy (public and monetary) is relatively deactivated and the conditions influencing the change in cultural background and its timing are of primary importance.
- Author BiographyP.E. Petrakis is professor of economics at the University of Athens, Department of Economics. His main fields of interest are economic growth, entrepreneurship and economic policy.
- Author(s)Panagiotis E. Petrakis
- PublisherSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
- Date of Publication18/02/2014
- SubjectSocial Studies: General
- Place of PublicationBerlin
- Country of PublicationGermany
- ImprintSpringer-Verlag Berlin and Heidelberg GmbH & Co. K
- Content Note27 black & white illustrations, biography
- Weight537 g
- Width155 mm
- Height235 mm
- Spine16 mm
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