Amazing that advancements in Bangladeshi quality of life is due to only market forces! What an incredibly unique geopolitical phenomenon.

It’s not unique at all! When my dad was a kid in the 1950s, Singapore, China, South Korea, and Taiwan were poor—all under $1,000 GDP per capita. They were a little ahead of Bangladesh but less than a factor of 2. The U.S. at the time was around $10,000.

Today, Taiwan, Singapore, and South Korea are rich, and China is getting there. Multiple dirt poor Asian countries getting rich within a few generations thanks to One Simple Trick!