Not all countries prosper … Why?
There are over 190 countries in the world today. Some prosper, some do not. Why?
Some answers to such a question is the subject of a book by Francis Fukuyama in 2014 titled Political Order and Political Decay.
Some elements of prosperity include the free market ideas of Adam Smith plus an honest and effective government. Apparently democracy is not required for a country to prosper, even though a majority of countries (over 115) are today democracies.
An effective government provides an array of public goods, such as clean air, defense, public safety, public . . . [more]