Culture and Economic Growth of Cities; Evidence from Liberia
Culture can now be used as an instrument for sustainable economic growth and developmental instrument of cities. By reorganizing the socio-economic fiber of cities and using cultural activities for economic growth, we can drive these cities towards sustainable development. This was successfully demonstrated in case of Monrovia, the capital of Liberia, which remained in crises for 10 years. This paper examines the role of culture in overall economic growth sighting evidences from Liberia. Data was collected from few selected cultural spots and analyzed statistically. It was concluded from study that cultural economy is now playing an enhanced role in the sustainable economic development of Liberia. Because of the ongoing cultural activities at the selected cultural spots, Monrovia is in better economic position as compare to cities lacking cultural activities. This study forms a useful contribution on the role of culture in sustainable economic growth of cities.
|Date of creation:||19 Oct 2009|
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- Joel M. Guttman, 2003. "Repeated interaction and the evolution of preferences for reciprocity," Economic Journal, Royal Economic Society, vol. 113(489), pages 631-656, 07.
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