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The Effects of Religious Beliefs on Economic Performance
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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THE EFFECTS OF RELIGIOUS BELIEFS ON ECONOMIC PERFORMANCE International Investment and Trade Table of Contents Introduction 3 Religion and Economic Development: Past Research Papers 4 Christianity 6 Hinduism 7 Islam 9 Conclusion 12 Bibliography 13 Introduction The economic performance of a nation is affected by many different factors. But successful explanations of economic performance have to go beyond narrow measures of economic variables and include political and social forces. Explanations for economic growth should go further to include a nation's culture. Culture is usually thought to influence economic outcomes by affecting personal traits such as honesty, thrift, willingness to work hard, and openness to strangers. One very important dimension of culture is religion. And religious practices and beliefs therefore should have important consequences for economic development. Religion is rarely associated in our minds with the economic state of a nation. But recent studies find that economic growth responds positively to the extent of religious beliefs, especially those in hell and heaven, but negatively to church attendance. These studies strengthen...
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