Development is a good thing to every nation that wants to develop.building of good schools, hospitals, good security network, human capital development, good roads,a better environment to leave and do business, job creation, shunning nepotism, favoritism, free and fair election etc are all ingredients of developed nations . the reverse is the case for under developed countries.So can the under developed countries get it right?
Turning an underdeveloped country into a developer country is a matter of culture, not only economics. Having strong work ethics and the desire to learn new skills and grow is a cultural thing. China was a poor country 50 years ago. The Chinese are hardworking and willing to learn and educate themselves. That's why they've managed to become one of the highly technologically advanced industrialized countries in the world right now.
I simply cannot see strong work ethics and strong discipline in most African and Latin American countries. The culture there is different, which would slow down their economic growth. Their potential to become highly developed countries is very limited.