This kind of analysis needs to include local culture, and general outlook towards life, while assuring survey...
This kind of analysis needs to include local culture, and general outlook towards life, while assuring survey consistency around the globe.
For example, Asian culture tends to be more collectivistic, more hierarchical, tolerant to excesses, and has lesser penetration to technology that limits understanding of complete reality.
Moreover, sudden surge in nominal income also gives an illusion of wealth, while the real income growth is getting diluted.
Further, the growth seen in the recent times are not sustainable, and prone to affect the global landscape.
Originally shared by World Economic Forum
Think your country is on the right track? No? You're in good company.
http://wef.ch/2jYrk0A
For example, Asian culture tends to be more collectivistic, more hierarchical, tolerant to excesses, and has lesser penetration to technology that limits understanding of complete reality.
Moreover, sudden surge in nominal income also gives an illusion of wealth, while the real income growth is getting diluted.
Further, the growth seen in the recent times are not sustainable, and prone to affect the global landscape.
Originally shared by World Economic Forum
Think your country is on the right track? No? You're in good company.
http://wef.ch/2jYrk0A