Technology is not a cultural factor. It is a product of human ingenuity and innovation.

Uncertainty avoidance is characterized by a high level of anxiety and discomfort with uncertainty.

Government is a formal institution that establishes and enforces laws and regulations.

Social norms are informal institutions that govern behavior within a society.

Strong institutions are characterized by impartiality, transparency, and accountability.

Culture can influence economic growth through all of the mentioned channels.

Institutions can influence economic growth through all of the mentioned channels.

China, India, and South Korea have all experienced rapid economic growth due to cultural and institutional factors.

North Korea, Zimbabwe, and Venezuela have all experienced slow economic growth due to cultural and institutional factors.

Developing countries face a number of challenges in improving their cultural and institutional environment for economic growth, including poverty, corruption, and weak rule of law.

Governments can implement a number of policies to improve their cultural and institutional environment for economic growth, including investing in education and human capital, promoting good governance and the rule of law, and encouraging entrepreneurship and innovation.

International organizations can help developing countries improve their cultural and institutional environment for economic growth by providing financial assistance, technical assistance, and promoting good governance and the rule of law.

Culture plays a multifaceted role in economic development, encompassing values, beliefs, institutions, and social interactions.

Favoritism is not a characteristic of a strong institution. Strong institutions are characterized by impartiality, transparency, and accountability.

Institutions can promote economic growth by providing a stable and predictable environment for economic activity, enforcing contracts and protecting property rights, and promoting competition and innovation.