After all the efforts of the last 6 decades, only a minority of countries are developed. That seems like a sad indication that the odds are long as countries struggle to attain Development. Yet let’s not take the Development that has been achieved for granted.
If you beat the odds, the payoff is remarkably large (which is maybe why all of us are working so hard on Development!) As the figure shows, a third of the sample of countries is at $8000 per capita or better in 2008, and a fifth of the sample is $16,000 per capita or better. In this sample, there is a 1 percent chance of getting all the way to national average income per person of $32,000.