Cultural Influences on Economic Analysis: Theory and by Rongxing Guo (auth.)

By Rongxing Guo (auth.)

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Extra info for Cultural Influences on Economic Analysis: Theory and Empirical Evidence

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Interculturally, economic output (represented by GNP) has not been proportionally distributed. Specifically, the Western area contributed some 60 per cent, followed by the East Asian area, with 23 per cent, while the remainder was shared by the Latin American (7 per cent), Islamic (4 per cent), Eastern Orthodox (2 per cent), African (2 per cent) and Indian (2 per cent) areas. 5 It is worth noting that different methods can result in different crosscultural scenarios. 1). The economic differences, represented either by per capita GNP or GDP, mainly resulted from the different conversion factors used by each method.

None of the above classifications, however, can reflect the diversified natural and geographical conditions of the world. To this end, more technical criteria are needed. For example, the existing economies can be classified into three groups, using the climate zones: • tropical • subtropical and • frigid They can also be classified into three extrinsically different groups, using geographical criteria: • landlocked • islands or • mixed Culture as a Tool for Economic Analysis 25 These two classification approaches are useful for researchers engaged with some specific purposes.

Interculturally, economic output (represented by GNP) has not been proportionally distributed. Specifically, the Western area contributed some 60 per cent, followed by the East Asian area, with 23 per cent, while the remainder was shared by the Latin American (7 per cent), Islamic (4 per cent), Eastern Orthodox (2 per cent), African (2 per cent) and Indian (2 per cent) areas. 5 It is worth noting that different methods can result in different crosscultural scenarios. 1). The economic differences, represented either by per capita GNP or GDP, mainly resulted from the different conversion factors used by each method.

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