To what extent tradition, history, art, religion and politics can shape the economy of a region, a country or a continent? - The example of China

Abstract

Economic growth and development in a country are not only the results of trade and economic policies. The economy, in a country, can also be boosted when the country offers a safe economic background such as secure private property or open trade guaranties. Institutions are fundamental in order to experience long-term economic growth. Indeed, a country would have more difficulties to grow if it has bad institutions. The usual theory is to believe that policies providing political and economic freedom offers the possibility to evolve and to improve, in terms of culture, in general.