Identity, Culture and Confidence in the Global Economy

Abstract

While globalization appears to have opened up larger economic space and opportunities for jurisdictions both large and small, analysing and identifying the reasons for subsequent success or failure is neither simple nor straightforward. This is especially the case when examining the role of rather intangible yet perhaps critical factors such as culture, ethnicity and self-confidence in economic enterprise. How significant is the ethnic and cultural component of those communities that have pursued successful strategies of development? Does a well-defined sense of collective identity and a strong sense of shared history enable some peoples to make more effective use of various levers of political power, up to and including sovereign statehood, for their economic well-being? Making reference to an extensive literature, most of it recently published, this chapter advances the following propositions. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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