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Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. [ 1 ]
Global cultural flow involves the flow of people, artifacts, and ideas across national boundaries as result of globalization. [ 1 ] [ 2 ] : 296 Global cultural flows can be observed in five interdependent ' Landscapes ', or dimensions, that distinguish the fundamental disjunctures between economy, culture, and politics in the global cultural ...
Cultural retention is the act of retaining the culture of a specific ethnic group of people, especially when there is reason to believe that the culture, through inaction, may be lost. Many African-American, European and Asian organizations have cultural retention programs in place.
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
A second edited collection "Virtualism: A New Political Economy," examined the cultural and social effects on western nations forced to adhere to abstract models of the free market: "Economic models are no longer measured against the world they seek to describe, but instead the world is measured against them, found wanting and made to conform ...
Steward quickly developed a coterie of students who would go on to develop Political Economy as a distinct approach in anthropology, including Sidney Mintz, Eric Wolf, Eleanor Leacock, Roy Rappaport, Stanley Diamond, Robert Manners, Morton Fried, Robert F. Murphy, and influenced other scholars such as Elman Service, Marvin Harris and June Nash.
Modern heritage tourism reproduces an economic dynamic that is dependent upon capital from tourists and corporations in creating sustained viability. Tourism is often directly tied to economic development, so many populations see globalization as providing increased access to vital medical services and important commodities. [3]
His book Economics and Culture (2001) has become a standard reference work in the field. In addition to the performing arts, Throsby's research and writing has covered the economic role of artists, the economics of public intervention in arts markets, cultural development, cultural policy, heritage issues, and sustainability of cultural processes.