While Brazil is still a developing country, its economy is nonetheless the world's ninth largest.

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Looking back from 2040, the second thing people will see is that India was the first developing country to embrace on a major scale the knowledge economy.

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As one might expect in a poor country like India, where the economy has been developing quickly over the last decade, there is still significant differences between the income classes.

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On the one hand, the country recognizes the Internet's importance towards developing a modern knowledge economy, and has set up a high-tech zone called the Multimedia Super Corridor (MSC) to drive the country's online initiatives.

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Montenegro, a country whose economy relies heavily on tourism and has been developing its status as a boutique resort for wealthy Russians, has had healthy relations with Russia, thanks in part to its relatively peaceful stance during the Balkan wars, according to Sorana Parvulescu of Control Risks Group, a specialist risk consultancy.

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