Values and cultural idiosyncrasies are factors that shape the flavours of nations, spilling into law making and deal making. What particular cultural elements could shape the openness of a country to another one's economic model?
David Acosta-Rosero ,
I think culture and the developing benchmark of a country
Local specifications and diversities dictated by the socio-economic state of countries driven by their distinct local culture, taste, market demands etc.
Well, historically, economies have always been strongly affected by two other major social institutions- Religion and Politics. It is not just the resources available, but consequences of the use of those resources and the nature of those consequences for group preservation. A classic example was the Jewish ban on anything related to pigs.We read in the Old Testament, they were a foreign people travelling through hostile near-desert territory. Pigs smell (any enemy downwind could know you were coming miles before you arrived), require as much or more water than humans, and tend to vector disease to humans. Pork was also difficult to 'jerk' without decomposition, lacking fairly large amounts of salt. Thus, although the rule was 'religious', that rule was, in the early Iron Age, very practical as well. It continues to impact traditional Jews and their economic interactions even 3,000 years after its original pronouncement. Many such cultural practices must be taken into account when and if one attempts to 'transplant' a new cultural product, and any economy is a cultural product.
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