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?
What I'd say my country needs to get out of poverty is concentrated industrialization, technology and innovation, increased security, and good governance. The development of a country is influenced by many factors, and sometimes, some of these factors are linked together. They affect each other in positive and negative ways.
Say, for instance, when a country is secure, it'll attract tourists and foreign investors. This would in turn increase the GDP of that country. Technology and innovation aids industrialization. A country with bad governance can't grow nor develop. Carrying out business activities would be difficult, and bad policies hinders growth.