There are a lot of factors that can answer this question. So, here's a list:
- Good incentives
- An honest government
- Political stability
- Geography
- A tad bit of luck (No really)
- A competitive market
- Strong property rights
And that's not even all of it... there's a LOT that goes into this and they couldn't even explain it all to me in a ten-minute video.
Haha....good one. Complicated subject.
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