ineffective management is shrinking the fundemental roots of the enterprise economy. is this what is happening in developing countries?
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In my opinion cultural aspect is one of the crucial factors. I know many examples of countries which were developing rapidly despite having a status of developing countries (e.g. Asian Tigers, Ireland in the past). On the other hand there are opposite examples - countries that despite having a good starting point they not achieved success (e.g. the aviation industry in Argentina - one of the world leaders after the WW2, pharmaceutical industry in Brazil etc.).
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