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Introduction

In: Cultural Influences on Economic Analysis

Author

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  • Rongxing Guo

Abstract

Since World War II, and especially since the end of the Cold War, a series of global and regional economic issues have puzzled both theorists and practitioners. They include such important questions as: Why have nations with the same or similar natural endowments and political contexts had such different economic performances? Why have trade and economic cooperation been efficient between some nations but more and more difficult between others? These issues are crucial to contemporary policymakers and practitioners, and many nice theories have been constructed in order to assess them. Unfortunately, it is argued that existing theories cannot be used to deal with the above issues satisfactorily. Sometimes they may even yield conflicting information and results. There seem to be two primary causes for this. The first concerns the continuing evolution of the global environment and regional institutions; the second relates to unrealistic assumptions from which some important variables have been excluded or highly simplified.1

Suggested Citation

  • Rongxing Guo, 2006. "Introduction," Palgrave Macmillan Books, in: Cultural Influences on Economic Analysis, pages 1-5, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-20696-0_1
    DOI: 10.1057/9780230206960_1
    as

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