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- W2267561316 abstract "While an individualist society prizes personal control, autonomy and individual accomplishments, a collectivist one puts a premium on loyalty and cohesion and imposes mutual obligations in the context of in-groups. It has been argued that, in contrast to collectivism, individualism will promote economic development directly by sharpening individual incentives to invest, innovate and accumulate wealth. In this article, I argue that the individualist–collectivist dimension can also affect development through its impact on the quality of government. The in-group favoritism inherent to collectivist societies is likely to engender corruption, nepotism and clientelism in the public sphere. In individualist societies, the relative weakness of in-group pressures and an emphasis on personal achievement and worth will contribute towards a more meritocratic and efficient public sector to the benefit of long-run growth. Empirical evidence is provided suggesting that insofar as individualism affects economic development it does so because it promotes good governance." @default.
- W2267561316 created "2016-06-24" @default.
- W2267561316 creator A5071008788 @default.
- W2267561316 date "2016-03-01" @default.
- W2267561316 modified "2023-09-26" @default.
- W2267561316 title "Individualism–collectivism, governance and economic development" @default.
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- W2267561316 doi "https://doi.org/10.1016/j.ejpoleco.2015.11.005" @default.
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