How can a nation become more successfully, economically? What are some of the necessary steps which they must take? Strong private property rights, transparency, introduction of a stock exchange, etc?
Let’s take a look at Singapore, for example. Singapore was a country of turmoil 40 years ago, but because of Lee Kuan Yew, it has transformed into a first world nation. What were the steps taken? What about other countries, such as South Korea, or China? Are there different stages in which a nation must go through in order to achieve prosperity?
Recommended readings? Pioneers in this field? Please lend me your thoughts.