Until you factor in education level of the populace, better-maintained roads, better electrical grid, better communications grid, and the population density (which makes deliveries cheaper by reducing fuel costs and delivery times).
Also...Chief Executive magazine believed that Carly Fiona was a good executive. It supported the guys at Enron. It lauded the bank executives that played a large role in causing the current global mess. Take anything that mag says with a large ton of salt.