Cultural Impact on the Economic Development

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Table of Contents

Introduction
Discussion
Conclusion
References

Introduction

In the context of globalization, one may assume that culture pertaining to a particular country does not play a determinative role in economic development. However, thinking in such a way is erroneous because culture affects the lifestyles of people, as well as various practices and national financial affairs. Thus, the resulting thesis statement is as follows: Culture significantly impacts the economic development and growth of each country.

Discussion

The topical organizational pattern is the best option for the speech because it allows describing different aspects of the issue. For example, one can focus on the role of culture in shaping economic development in both high-income and low-income countries. Besides, it will be useful to cover the subtopic of culture and its influence on national institutions.

The audience for this speech comprises students who study economics and those majoring in culture. For the first category, it is possible to adapt the speech by using economic terminology and explaining economic processes under the influence of culture. To adapt the speech to the students learning culture, one should focus more on examples of cultural phenomena that influence economic development.

The supporting materials for the speech will include facts, statistics, and experiences of different countries. For instance, it will be necessary to establish that culture serves as a predictor of the level of entrepreneurship and economic development. The facts should be supported with statistics regarding the influence of specific cultural domains on economic performance. Finally, the experiences of different countries will help to anchor the information with real examples.

Conclusion

The sources comprise two entries from a scholarly journal and a chapter from the edited book. The article Culture, entrepreneurship, and economic development. An empirical approach by Achim, M. V., Borlea, S. N., & Văidean, V. L. (2019) is suitable in terms of revealing the connection between culture and entrepreneurship and, thus, economic development. The chapter Why coevolution of culture and institutions matter for economic development and growth? written by Kafka, K. I., Kostis, P. C., & Petrakis, P. E. (2021) explains why the coevolution of culture and institutions is critical for economic development in different countries. These sources can strongly support the present informative speech because they provide important insights, which help to better understand the topic.

References

Achim, M. V., Borlea, S. N., & Văidean, V. L. (2019). Culture, entrepreneurship and economic development. An empirical approach. Entrepreneurship Research Journal, pp. 1-28. Web.

Kafka, K. I., Kostis, P. C., & Petrakis, P. E. (2021). Why coevolution of culture and institutions matters for economic development and growth? In R. M. Yonk & V. Bobek (Eds.), Perspectives on economic development: Public policy, culture, and economic development (pp. 3-21). IntechOpen.

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Cultural Impact on the Economic Development

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