Development and government attitude

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In a country, some states develop faster than others. While natural resources could matter, the attitude of the government towards business is also a major factor. If government officials indulge in crony capitalism, in the short term , the individuals involved could become rich and famous, but in the long term the development of the state is affected.
The United States is considered to be the world leader in technology, because it is able to attract the best talent from around the world and also formulate rules which are conducive to the development of technology.

Indigenous technology

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In most prosperous countries, government officials go out of their way to promote the development of indigenous technology. They know that by developing a proprietory technology, the nation benefits in the long term as it is source of revenue. For example, the largest refineries in India, license technology from other companies for manufacturing petroproducts.

Big corporations take all possible measures to destroy potential competitors by spreading false rumours. If the decision makers in a country are short sighted and do not verify the facts before believing in these false rumours spread by the foreign companies, they end up destroying their own local businesses and nation as desired by the foreign companies.

Resources and growth

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Some countries like Korea, Taiwan and Japan do not have too many natural resources but many of the largest brands in the world have their origins in these countries. This is because the government in particular and society in general values hard work and innovation.
On the other hand, many of the African countries are very rich in natural resources, but the widespread corruption and lack of long term vision by the leadership has resulted in high levels of poverty.

Government and technology

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In some countries, the government encourages the use of technology for business and entrepreneurs who earn foreign exchange by developing and selling products are given incentives. Government officials make an effort to understand the technology. This is one of the main reasons behind the spectacular growth and economy of certain countries and the lack of progress in others.