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On The Impact Of Cultural Differences On Accumulation And Consumption Value Orientation In China And The Us

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DOI: 10.38007/Proceedings.0001523

Author(s)

Cuicui Lyu, Yingjie Song

Corresponding Author

Cuicui Lyu

Abstract

Cultural forces can be both a huge driving force for economic development and a cause of economic imbalances and even economic crisis. The great differences in the value orientation of accumulation and consumption during the economic development between China and the US are the inevitable result of their cultural differences. Therefore, countries should also focus on promoting the international optimization of cultural differences when implementing crisis response policies. Through international cultural integration, optimization and sublimation, we can provide a beneficial cultural power for the harmonious, stable and fair development of the world market economy and meanwhile prevent and overcome the negative impact of cultural differences on economic development. In today's world, culture and the economy are intertwined, and cultural forces have become a powerful force for economic development. In the market economy of any country, and the world market economy as a whole, all processes and activities in the economic process of production, exchange, distribution and consumption are based on human beings and are governed by their cultural concepts and values. This is the mutual penetration and fusion between the cultural factor which is regarded as the humanistic spirit and the economic factor in the overall process of material production. In the process of permeation and integration, cultural forces can be the great vitality, creativity and driving force of economic development, and at the same time, it can also be a cultural driver of economic imbalances and even economic crises. Cultural forces created by the penetration of cultural elements or cultural factors can either alleviate the contradictions inherent in a market economy or deepen the contradictions of a market economy.

Keywords

Accumulation; Consumption; Cultural Differences; Cultural Integration Enme