Economics of lifting poor countries to middle class
- Land Reform: Land in under developed countries are concentrated under few people because of feudalism or similar systems. This has to be distributed equally so that agriculture can grow.
- Industrial subsidies plus export discipline: Manufacturing is the most common vehicle for fast economic growth. You need a protectionist policy(prioritising products of your own country) when you are building this. The priority at this stage is not profit - but learning how to build the industry.
- Financial policy in service of the first two goals.