If the country is India, Nigeria, Mexico; true. Iceland, I am not sure. No offense to any countries, just the education level of the country sometimes dictates the behavior.
Yes, the education/ development level in Iceland is hight, but nevertheless they have had major financial problems. That's what makes this so ineteresting.
Edit: I mean: 1) Highly developed country, good finance -> No way to success 2) Low development country, poor -> No way to success 3) Hig dev, poor economy -> hmm.. maybe...