Developing countries escaping poverty is not unheard of and in fact a lot of the strongest economies now are ones that used to struggle before. China used to be called the sleeping giant because it was believed to be of potential. And that was right. But the question is why is it that those countries got out of poverty while some did not?
Well the answers have a lot of factors involved. Each country should have their own strengths that they could exploit. Some countries made use of their resources to make products that they could offer to the rest of the world. They depended a lot on exporting goods to other countries inviting money into theirs. Some countries focused on education making their young generations literate and skilled workers boosting their economy productivity. Most of all, these are all possible because of the low level of corruption. I did not say totally free because that seems to be a myth lol.
So what do you think is your country missing to get out of being a third world country stage?
I think the main reason a country is in poverty is because there are flaws in that country's government system, and that flaw is basically corruption. If corruption can be eliminated from this one country, then poverty can also be easily eliminated from that country.
If corruption is eliminated, the money in each sector will be used properly in that sector. For example, if there is no corruption in the education sector, if the students receive proper education, they will lead the country from within to free it from poverty.
So in my opinion, to eliminate poverty from a country, corruption must first be eliminated.
Correct. To eradicate poverty in a country, the most logical thing is to eradicate corruption. Many developed countries have been able to overcome poverty by imposing severe penalties for corruption, as corruption costs the country significant amounts of money. Money that could otherwise be allocated to education, food security, and so on.
Because poverty is sometimes not caused by laziness; many people have worked very hard but remain poor. The primary problem of poverty is the state of the country itself, with many government officials committing corruption. This widespread corruption leads to poor education, inadequate access to healthcare and a good environment, job opportunities, and even fair wages. So, fundamentally, overcoming poverty is the government's responsibility, so to begin with, it must first improve the state bureaucracy, especially corruption.