Role of Culture in the Race to Globalize: A Statistical Approach

Inequalities persist throughout the globalized world. The overall economies of the Global South pales in comparison to the Global North. The difference between the haves and have nots are becoming more and more pronounced as the free economy continues to operate. In this study, we try to determine the factors that affect the differing degree of prosperity gained from globalization. Although we understand that there are numerous factors that contribute to a country’s prosperity that do not relate to the psychology of its constituents, we theorize that human behavior and psychology defined by cultural differences play a major role in how countries take advantage of globalization. Identifying the cause for inequalities in globalization will allow governments to tackle the root causes of their challenges, creating a more productive global community.