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Most of these countries are developing countries with low education levels so obviously it can't be broad, but of course in any country there will be a segment
by jernfrost 9y ago
Most of these countries are developing countries with low education levels so obviously it can't be broad, but of course in any country there will be a segment of the population who are well educated and/or affluent. Take China, most Chinese are dirt poor but because there are so many Chinese you can go to modern enclaves like Shanghai and never experience this poverty.
In general however return on investment tends to be high in developing countries because they lack so much. There are lots of businesses you can start with minimum competition. E.g. I've seen many stories about poorely educated Chinese getting rich in Africa. They start shops, facories and all sorts of stuff lacking
- ejanus 9y ago>>poorely educated Chinese getting rich Why can't educated Chinese do same ?
- bobabooey02 9y agoThey can, and many do succeed. In the US right now, education is a proxy for class, so saying the uneducated Chinese can succeed is like saying the Chinese lower class can succeed, which isn't necessary true. It requires capital to start a business, not education.