If one were to consider that nearly half the
population of a given country has never had the pleasure of
killing otherwise efficient time with the likes of Facebook, and other fad
internet sensations, one would assume that the efficiency of the population
would be far higher than other places whose citizens spend every waking hour
gazing at a monitor. One would be wrong. As the following chart from Eurostat
via Goldman shows, about 45% of the Greek population has never used the
internet. Surprisingly the balance of the PIIGS is not far behind, with
Portugal, Italy and Spain hot on Greece heels (which 5 years ago had two thirds
of its population never interact with the web). Is it possible that sitting in
front of a computer, uploading millions of pics and "liking" this and
that does indeed do miracles for globalization and corporate efficiency?
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