| Culture's influence on the state of nations has been a largely overlooked factor in global studies of economies. To test the impact of cultural dimensions on development and growth, this research study examines the relationship of two major dimensions, Power Distance and Individualism, with the economic development of 70 regions over a period of 30 years. Both measures were found to have a significant relationship with the economic measures used. Among the contributions this investigation makes is its implications for policy makers and international organizations, in understanding the formation and outcomes of cross-national relations and making them more predictable. |
Updated 03/19/2014