Comparison of the economic development of countries spreading Spanish culture

¹ Association for Methodological Support of Business Activity and Social Development Mitra, Pushkinskaya Street, 241, Izhevsk, Russia
² Kalashnikov Izhevsk State Technical University, Studencheskaya Street, 7, Izhevsk, Russia

Abstract

An analysis of the risks and rates of development of the countries with Spanish culture for the period from 1820 showed that the influence of culture and institutions on these parameters of development is not detected. Neither the former metropolis, nor its largest former colonies were among the leaders of the world's economic development, have not cultivated a special institutional development model that would enable sustainable internal growth. In general, it can be stated that the countries of Spanish culture became the periphery of Western civilization, which disabled them to become either independent civilizations or integrate into the core of the development of the global West.