"(...)Malaysia’s climb up from third-world status demonstrates a more general principle -- national poverty doesn’t last forever. Since around 1990, the developing world has started gaining on the developed world at an accelerating rate; the days when American academics could lazily assume that all important technology is made in the West are long gone. Even the poorest countries in Africa and South Asia are now starting to get in on the game. As a result, the distribution of global income no longer looks bifurcated between former colonizers and former colonies, as it did in the 1970s.(...)"
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