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Causes for Intercultural Economic Differences

In: Cultural Influences on Economic Analysis

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  • Rongxing Guo

Abstract

Natural resources once figured prominently as a production factor in studies of economic growth. At times, natural resources (such as land, climate, biology, water, minerals and energy) have indeed been the primary component among the factors that influence social and economic activities. But early pessimists like Malthus (1798) and Ricardo (1817) were probably wrong about the importance of scarce natural resources as a retardant of growth.1 This is most obviously evidenced in the fact that, in spite of the enormous increase in the world population, and given the unchanged human biological needs for food, the proportion of employment in agriculture has dropped enormously. After having examined the development process of the world as a whole for the twentieth century, especially for the postwar period, it seems unlikely that there exists to any extent a positive correlation between economic growth and endowment of natural resources.

Suggested Citation

  • Rongxing Guo, 2006. "Causes for Intercultural Economic Differences," Palgrave Macmillan Books, in: Cultural Influences on Economic Analysis, chapter 4, pages 59-78, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-20696-0_5
    DOI: 10.1057/9780230206960_5
    as

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