There needs to be
some level of "buy in" at the power/political level for a lot of economic stuff to work.
Total buy in? Absolutely not. We've seen how that plays out. The powers that be have tried to force people to accept certain things - and that just creates tragedy.
Additionally, we have to consider the time scale.
All the Western Economies took hundreds of years to go from essentially a "one man to rule them all" to whatever they have now, which they seem to think is representative democracy. The English Democracy popped off in 1832. (Decades after America in ~1789)
And both of those places, the competing factions that control the democracy. They're willing to debate, control the media, and other sorts of essentially dirty tricks to control the country.
Outside of the developed economies, they take to arms to settle resource distribution. And once the guns come out, it's hard to conduct business.
Getting back to East Asia - there was arguably a lot more cultural and social "buy in" for the politics - which allowed them to prosper.
In the case of South Korea it was a military dictatorship, backed by family owned monopolistic conglomerates (Chaebols) - The family behind Samsung for instance. The military goons got them to a certain economic level through force. (similar to the USSR in many respects) - but then there was a collapse. (Asian financial crisis of the 90s). But they managed to rebuild 2 years later.
There was a price those 100 hour weeks by all the young people means there's no next generation so....
All of the Asian tigers (as well as Japan and China) have sacrificed a couple of generations for material wealth at the cost of the next generations.
But they were willing to do so - because the people as a whole were willing to buy in to the new culture and economy - AND no one thought picking up a gun would be the next best move.
In my view - when it comes to various African nations isn't really that level of "buy in" - of accepting a new social contract - in a lot of places that haven't developed - despite all of the intellectual capital and natural resources. Botswana is everyone's darling, but the natural diamond game isn't what it used to be.
These fuzzy intangible things
- Social Contract
- High Trust Societies
- Social Norms
Whatever you want to call it - there's just too much backbiting, stabbing each other in the back, jockeying for position, self dealing, etc
And because polite society can't stop ripping each other off - the regular people feel good when the military comes in provides some order....only for the military to engage in same chicanery and shenanigans.
Africa becoming a major economic bloc, industrial producer is going to happen, but we gotta keep in mind it's a long road to whatever America is.
As much as I'd like to see Abidjan or Accra or Lagos become Shenzhen/Pearl River Delta - those places don't seem to have the overall buy in from the competing elites. What they say at all of these conferences and meetings is different from what they do at home.