1) Every developed nation built their extraordinary long term wealth through innovation and entrepreneurship, not based on their natural resources. Entrepreneurs are key in sustaining economic development and prosperity.
2) All developed nations had two significant policies, Foreign Direct Investment policies and Open Immigation policies, that assisted in growing their economies. Providing the necessary policies and trusted mechanisms for FDI as well as attracting foreign top talents became undoubtedly prerequisites for developing nations to thrive.
3) Well run businesses, embedded in future oriented ecosystems, can grow from zero to a global enterprise within 7 years. In other words, startups, founded in 2020, can already contribute to the economy by 2027. Extraordinary talents that can build such companies are present in all developing or emerging nations around the world.