How to best activate economic growth in the developing world? I investigate four ways that can quickly stimulate rapid growth in a country and up-skill and transform a traditional primary economy into a secondary economy:

The injection of Foreign Direct Investment has the potential to transform an economy from zero to rapid growth. The transference of tacit knowledge and skills can help develop a country and increase the average income and standard of living. Four ways to transform an economy are as follows:
1. Provide a stable and competitively priced labour force:  
Provide a stable political and social environment with enough competitively priced employees to satisfy demand.  
2. Enact transparent laws with effective provisions to impose penalties and recoup business losses:  
Enact laws in English, which are consistent with western laws and regulations. An effective rule of law, especially in contract, underpins commercial trust and will provide foreign creditors with sufficient security to start and continue to invest in a country. Transparent and equitable laws should provide recourse for creditors against debtors if they fail to repay their loans.
3. Low taxation on foreign investors:  
Foreign investors will be induced to commence operations in a country with lower than average taxation.  
4. Create user-friendly taxation and accounting (reporting) standards:  
Provide accounting and taxation policies, which are simple and easy to navigate and use.   
5. Encourage Foreign Direct Investment (“FDI”) through education and marketing:
Educate and market to potential investors about the benefits of commencing operations in that country.  Make it easy for foreign companies to inject capital into a country and commence operations.