Most agree that Buddhism is neutral to economic development.
Ti does not motivate people to the accumulation of wealth. one fate is determined by one own karma. One way to improve one karma is through merit making. One works not only to live but aslo to be able to make merit. Part of the income of poor farmers will be spent on making merit, particularly donating to the wat. Wealth accumulation is not for economic investment only but it has always been invested in religious activities. Accordingly, it is not profit seeking that drives people to work. People make merit by donating money to the wat in the hope that one position in society will become better, if not in this life perhaps the next life.