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Essay text:
We find that, when it comes to economic growth, not all cultures are created equal.
For the global company and the practicing manager, our results indicate that cultural values appear to have
some statistically significant and operationally meaningful economic effects. We also evolve and test a more
encompassing framework within which cultural and political factors continuously interact to enable or
discourage growth. Our interactive model explains fully 51 percent (p<.01) of the country-to-country variance
in per capita GDP growth over the two decades studied. We discuss implications for business at the macro-
and micro-levels, and propose that any fully specified analysis of managerial prescriptions and proscriptions
must consider the effects of culture and the process of culture change...
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