Culture Theory

Culture theory strengthens the expectation that markets work, not because they are comprised of autonomous individuals who are free of social sanctions but because they are powered by social beings and their distinctive ideas, beliefs, values, and knowledge. It can contribute to understanding and promoting development where group relationships predominate and individualism is tempered.

 

 
This page was generated from http://www.adb.org/publications/culture-theory?ref=site/knowledge-management/knowledge-solutions on 27 April 2015