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Ever wonder why some economies make it past the Developing Country stage and most don’t? Looking at the economic history of many countries that made it, the UK, the US, Japan, South Korea, Australia, Germany, Austria, and even China, to name a few, and a familiar pattern emerges. Why aren’t Developed Countries propagating this? Simple, it is the past for them. They would focus on their path at current, as Developed Countries. It then behooves Developing Countries to seek this knowledge out and practice it, keeping it alive for others to benefit from. Here is the ‘stepladder’ laid out, for any country to emulate, with the right local changes, and you are on your way.

Huzaime Hamid is the Chairman and CEO, as well as the founder of Malaysia’s financial macroeconomic advisory, Ingenium Advisors. He has more than 30 years’ experience in finance, macroeconomics, and public policy advisory at international level. He is happy to share his knowledge with nations of the world and the movers and shakers who want to make the world a better place.

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