Analysis of the role of collectivism in light of the recent literature on the big triangle: Institutions, culture, and economic development

Why do similar economic and political institutions function differently in various cultures? Do cultural traits, differences individualism versus collectivism, have a causal impact on behavior development? This article presents recent survey of the literature relationship between culture, institutions, growth. On one hand, part indicates that there is one-way causality from culture to performance. other an extensive has established growth culture. However, growing body empirical research demonstrates interact two ways complement each affecting long-term Research documents variables great deal activity across world. Recent dominant discourse role individualism-collectivism cleavage determination wealth nations attempted examine positive effects rather than collectivism. paper shows advantages collectivism been rarely researched within literature. Taking into account can shed light puzzles economics, such as solving collective action problems.