Before we answer this, one needs to revisit the American Economic Historian W.W. Rostow who in the sixties had suggested that countries passed through 5 stages of economic development as Traditional Society, Transitional Stage, Take-off, Drive to Maturity and High Mass Consumption.
While LG was discussing washing machines and other smart appliances, we couldn't take our eyes off the 55-inch OLED display sitting on the side of the stage.