Why do Protestant nations generally have more wealth? Why did the American South develop more slowly than the North? It’s no secret that some countries and regions have more wealth than others, but it’s not always obvious why that is. Proponents of cultural theories of inequality argue that three cultural values contribute to whether a nation is rich or poor. These are work ethic, openness to new ideas, and public trust. Read more to learn about the intriguing connection between culture and economy.
Linking Culture and Economy: 3 Values That Affect Wealth
