Search results
Results from the WOW.Com Content Network
A culture gap is any systematic difference between two cultures which hinders mutual understanding or relations. Such differences include the values, behavior, education, and customs of the respective cultures. [1] As international communications, travel, and trade have expanded, some of the communication and cultural divisions have lessened.
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. [ 1 ]
A cultural divide is the virtual barrier caused by cultural differences, that hinder interactions, and harmonious exchange between people of different cultures. For example, avoiding eye contact with a superior shows deference and respect in East Asian cultures , but can be interpreted as suspicious behavior in Western cultures . [ 2 ]
The concept of global cultural flows was introduced by anthropologist Arjun Appadurai in his essay "Disjuncture and difference in the global cultural economy" (1990), in which he argues that people ought to reconsider the Binary oppositions that were imposed through colonialism, such as those of ‘global’ vs. ‘local’, south vs. north, and metropolitan vs. non-metropolitan.
The term cultural lag refers to the notion that culture takes time to catch up with technological innovations, and the resulting social problems that are caused by this lag. In other words, cultural lag occurs whenever there is an unequal rate of change between different parts of culture causing a gap between material and non-material culture.
Cultural deprivation is a theory in sociology where a person has inferior norms, values, skills and knowledge. The theory states that people of lower social classes experience cultural deprivation compared with those above and that this disadvantages them, as a result of which the gap between classes increases.
Goldin's 1990 book "Understanding the Gender Gap: An Economic History of American Women" was a hugely influential examination of the roots of wage inequality over 200 years of history.
Ethics, politics and culture play important roles in determining the performance of systems. Common cultures may prohibit or restrict individual's satisfaction, ultimately changing the rule of the economic game while on the other hand, competitive societies may abuse of the economic system and overstimulate self-seeking.