That's pretty close. I recently came across a site that mentioned explicitly that baldness appears to originate in the Mediterranean area and cascades outwards throughout North Africa, Europe and the levant.
I usually say Native Americas/Inuit have the least baldness and beard growth and male hair does not differ from what I can see from female hair in any way, quality or ability to grow long for people with pure genetics; Siberians tend to be in this same class, then you have Asians in general followed by Africans and then two mixtures of races in Hispanics and American blacks, both of which can bald heavily nevertheless and then you get to whites. Semites and people living close to the Mediterranean Sea seem to have the worst baldness and hair quality with Northern Europeans also suffering similarly but at lower rates perhaps. One day, after being on here or Tressless you basically see that this is a Caucasian/Semitic issue in general with respect to baldness. With Hispanics with more Spanish blood, they have more hair loss. Those with mostly an Indian heritage have perfect hair.