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Political Economy of Interculture Differences: An EU Perspective
Economic development is always linked with systematic changes in human behavior, its basic value and
cultural change are paths dependent on it. The study illustrates the culture value that converges the EU
into a single European value landscape. Current economic growth theories do not take into account
cultural variables at national levels and economic life happens in asocial context and it affects economic
development. This paper gives an overview of earlier relevant studies on cultural and economic growth
and established linkage between cultural norms and its economic outcome from the EU perspective. The
paper concludes that culture is ought to play a central role in devising the plan for the future of Europe.
The paper suggests some recommendations that a new approach may be allowed with a change of
mindset which should not practice the notion that what is not allowed is forbidden to what is not forbidden
Assistant Professor, Department of Politics & IR, International Islamic University, Islamabad, Pakistan.
Muhammad Imran Ashraf
Assistant Professor, Department of International Relations, National Defence University, Islamabad, Pakistan.
Syed Umair Jalal
Research Scholar, Department of Political Science, Abdul Wali Khan University, Mardan, KP, Pakistan.
Interculture Difference, Economic Outcomes, European Perspective, New Approach, Change of Mind Set