Indian cultural values and economic development: an exploratory study
World Journal of Entrepreneurship, Management and Sustainable Development
ISSN: 2042-5961
Article publication date: 1 February 2012
Abstract
Purpose
The purpose of this paper is to explore linkages between Confucian‐based Asian cultural values and Michael Porter's model of national competitiveness. The cultural values of Indian students are compared with Asian American students’ cultural values, to explore alignment with economic growth and development factors.
Design/methodology/approach
Relationships between culture and economic development are conceptualized based on previous research and literature. Using an Asian Cultural Values Scale, Indian students enrolled in a Master’s of International Business program were surveyed. These data are compared with data collected from Asian American college students on the same items. The results are interpreted based on conceptualized relationships.
Findings
Indian students tend to exhibit greater conformity, emotional self‐control and collectivism values while Asian American students tend to place greater value on family recognition through achievement. The Indian student values appear to align more with the synthesis model of business development, while Asian American student values focus on success.
Research limitations/implications
There is a small sample size of 69 in India.
Originality/value
This is the first study that assesses Indian student orientation toward Asian values compared with those of Asian Americans. The relationship of values and sustainable economic development is explored.
Keywords
Citation
Anderson, B.B. (2012), "Indian cultural values and economic development: an exploratory study", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 8 No. 2/3, pp. 194-201. https://doi.org/10.1108/20425961211247798
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited