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There are plenty of educated underpaid (relative to usa standards) people in developing countries. These same individuals tend to have PC's and internet conections.

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Yes, and as these people get into online poker some % become fish and some % become sharks. There is no good reason this % should differ overseas.

Some guy in a developing country that sees the WSOP and thinks he can make money playing online poker is just as likely to become a fish as someone guy living in the US.

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Do you really think that a college educated person is as likely to suck as the average joe? Hell no. Maybe only 8% are winning players. I would say that if you looke at people with Masters or a Math/Science degree probably 25 to 50% are winning players, and if you look at all others (excluding Advanced degrees) the % that win is probably only like 5 or 6%.)