utabintarbo:
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I am sure we can follow this down over several (hundred) posts to the ultimate seed of the problem. Let me cut to the chase...human freedom, and its recognition by government is the key. Until you have an environment of freedom backed by law, nobody will risk capital in the third world, either monetary or human.
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I am not sure it is freedom. Korea , Taiwan and Hong Kong were not democracies when they got rich. China is getting rich these days and it's certainlt not the land of the free (the economy is more free and compared with the days of communism ,freedom is on the increase)
i think Weber had something when he talked about the 'protestant ethics' , it seems that something about western culture (and confucian culture) makes good at making money. placing value on education? logical thinking hard working? discipline?
i dont know what it is , but there is certainly something.
of course government policy is very important , if you have a communist rule you will never grow economicaly.