Cash Me If You Can

How does Culture, Institution and Innovation affect Economic Growth?


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Economic Growth. Something that every nation ideally seeks. The very increase in the production of economic goods and services are facilitated by several factors ranging from Politics to Demography. If we are to holistically look at Land, Labour, Capital and Entrepreneurship, what we soon realise is how varied the effects of Cultures, Institutions and Innovation are on economic growth. Thanking my friend Sharanya who sent me most of the material here and without whom this episode wouldn’t have been possible today, we will demonstrate the role of culture, institutions and innovation from a historical perspective and how it affected the differences of growth between developed and developing nations.  I acknowledge that all these factors are important in the growth of a nation, however, pinpointing any single factor as the main reason for economic development oversimplifies the complex nature of economics itself and I think we have pretty much established that over the past 6 months. Oh yeah, this, marking the 24th Episode, it’s been 6 long months already. On that note, let's get right into it! And as always, Thank You so much for taking the time in listening as well as reading this. Do not forget to follow the podcast on any platform you are listening to and review it if you are on Apple Podcasts. If you want to get in touch with me, here is everything I am accountable for - Have a great day! > www.linktr.ee/neogyspandan

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Cash Me If You CanBy Spandan Neogy