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Trade Openness and Cultural Creative Destruction
Originally published in Journal of Entrepreneurship and Public Policy
This paper empirically analyzes the net effect of trade openness on ‘economic culture,’ measured by indicators of trust, respect, level of self-determination, and obedience.
This paper empirically analyzes the net effect of trade openness on ‘economic culture,’ measured by indicators of trust, respect, level of self-determination, and obedience. Openness to international trade means that societies are more likely to be exposed to alternative attitudes, beliefs, ideas, and values leading to a Schumpeterian process of creative destruction whereby culture is destroyed on some margins and enhanced on others.
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