By Gambrah Sampeney KWABENA ADJEI
The story of Aba, a gentleman who lived with his uncle, offers valuable insights into the importance of cultural wisdom in economic growth. Aba’s uncle, a successful livestock farmer, wanted his nephew to expand his own livestock business.
However, when Aba was given the opportunity to choose a portion of the land to graze his livestock, he opted for the greener aspect of the land without consulting his uncle. This decision ultimately led to the decline of his livestock, as the greener land posed different challenges, such as new breeds of parasites and insects and plants that were not suited for his sheep.
The value of cultural wisdom
The story of Aba highlights the importance of cultural wisdom in economic growth. Aba’s uncle had years of experience in the livestock business and had developed a deep understanding of the cultural norms and practices that were essential to its success.
However, Aba, in his youthful enthusiasm, failed to recognise the value of his uncle’s experience and cultural wisdom. He did not ask questions, seek advice or consider the long-term implications of his decision.
The consequences of ignoring cultural wisdom
The consequences of ignoring cultural wisdom can be severe. In Aba’s case, his decision to choose the greener land without consulting his uncle led to the decline of his livestock.
Similarly, in the modern world, ignoring cultural wisdom can hinder the economic growth.
Many individuals and countries assume that the ‘greener’ economic environment of another country is the key to success without considering the cultural norms and practices that underpin that economy.
The importance of understanding cultural antecedents
Understanding cultural antecedents is crucial for economic growth. Every nation has a unique cultural composition that shapes its economic activity. Ignoring these cultural antecedents can lead to the deployment of unfitted methods that hinder economic growth. In Ghana, for example, many individuals assume that the economic environment abroad is ‘greener’ and that they will succeed if they choose to operate in that environment.
However, after years of struggling, they realise that the cultural knowledge and understanding of the local economy were the key factors to success.
The role of cultural composition in economic growth
The cultural composition of a country plays a significant role in its economic growth. A well established and understood cultural composition can provide a solid foundation for economic development. However, if cultural antecedents are ignored or side-stepped, economic growth can be hindered. It is essential for countries to recognise the importance of cultural wisdom and to establish a deep understanding of their cultural composition to inform economic decision-making.
Conclusion
The story of Aba offers a valuable lesson in the importance of cultural wisdom in economic growth. Ignoring cultural antecedents and assuming that the ‘greener’ economic environment of another country is the key to success can lead to severe consequences. It is essential for individuals and countries to recognise the value of cultural wisdom and to establish a deep understanding of their cultural composition to inform economic decision-making. By doing so, they can create a solid foundation for economic growth and development.
Recommendations
- Recognise the importance of cultural wisdom: Understand that cultural antecedents play a significant role in economic growth.
- Establish a deep understanding of cultural composition: Recognise the unique cultural norms and practices that shape economic activity.
- Seek advice and guidance: Consult with experienced individuals and seek guidance from those who have a deep understanding of the cultural composition.
