Sustained Rapid Economic Growth and Cultural Convergence: Comparative Longitudinal Analysis of Evidence from GLOBE & Hofstede

Abstract

Two landmark studies of national culture undertaken approximately a quarter century apart present a unique opportunity for a longitudinal analysis of the shift in cultural values in work organizations over time. Using comparable data from Hofstede and GLO BE, we investigate the hypothesis that, in the rapidly developing nations of Asia, there has been a convergence of collectivist values in work organizations toward the level of collectivist values found in work organizations in the highly developed nations of the major economies. Findings suggest that collectivist values in rapidly developing nations are converging towards collectivist values of highly developed countries. This convergence is not exclusively due to economic growth or wealth but rather due to the speed of the economic growth. Specifically, periods of prolonged rapid economic transformation appear to also have a transforming effect on national cultural values. Implications of this finding and directions for future research are discussed.

Citation

Munusamy, V.P., Valdez, M.E., Lo, K.D., Budde‐Sung, A.E.K., Suarez, C.M. and Doktor, R.H. (2009), "Sustained Rapid Economic Growth and Cultural Convergence: Comparative Longitudinal Analysis of Evidence from GLOBE & Hofstede", Journal of Asia Business Studies, Vol. 3 No. 2, pp. 37-45. https://doi.org/10.1108/15587890980001515