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Submitted by Wolfgang on

Sigi, thanks a lot for your thoughts. If other countries, especially in Africa, follow the East Asian example, it will be possible that a much larger share of the world population will live in prosperity within a generation. As you note, the challenges will still be enormous and not all countries will move forward at the same pace. However, you also raise the important point of exploitation which thrives in poor and closed societies. Economic development can help as it is typically the middle classes which are also at the forefront of social change. But it is not certain. Some countries, especially when they grow rich on natural resources are often in an even better position to resist the opening up of their societies. Wolfgang