2 ms·

You also need good infrastructure and low corruption. Business fail when corruption is too high

• socialdemocrat 7y ago
  The nature of corruption probably matters. Corruption is quite high in China e.g. yet it still develops very quickly. Some quite rich countries like Italy are quite corrupt but still kind of manage. I suspect the devil is in the details. Certain forms of corruption is likely more corrosive than others.
  • lenkite 7y ago
    It depends on deliverables and execution. No one truly cares if someone's family took a small cut of the project expenses, if the project was executed and delivered according to spec on time. In China, failing execution would result in head-chopping. Problem in most third-world nations is drinking down all the money and delivering little-to-nothing.