Final answer:
No country with less than fifty percent literacy has succeeded economically. For example, countries with higher literacy rates tend to have higher productivity rates and attract more foreign investments.
Step-by-step explanation:
According to the World Bank, it is true that no country with less than fifty percent literacy has succeeded economically. Literacy plays a critical role in economic development as it enables individuals to acquire the skills and knowledge necessary to participate in the workforce and contribute to the growth of their country. For example, countries with higher literacy rates tend to have higher productivity rates and attract more foreign investments.