Tuesday, June 9, 2009

#really? 9. Countries' fortunes

"The forty-eight least-developed countries, comprising some 550 million persons with per capita income of less than $500 per head, will have widely divergent fates in the Information Age. Most will become even more marginalized and desperate, providing a venue for only the most intrepid investors. But those that can overcome structural problems to preserve public health and order stand to benefit from rapid income growth."

This is another of the controversial implications from The Sovereign Individual: Mastering the Transition to the Information Age by James Dale Davidson & Lord William Rees-Mogg, Simon & Schuster, 1997

Is it really so?