Barbados has good figures and we should try and get other black nations to emulate them.
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It benefited from both, capitalism and the civil infrastructure introduced, and the population's high average IQ. Singapore, similarly.
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Hong Kong was still a colony of the UK when it became rich.
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If IQ were the only factor China should be more innovative than the US. Other key factors are often discussed, but I would like to suggest one for discussion. Language, written and spoken. The complexity of Chinese and Japanese may hinder these countries ability to innovate.
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I've lived in Korea for almost 7 years and have a Korean wife and son, while I've seen the evidence of a high IQ, there's something missing in the freedom department. The culture discourages independent thought. So, while they're very clever, they're not very original.
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And hardship and work ethic.
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Other factors are at play too. In my opinion India, for example (despite their high IQ citizens) is underdeveloped due to the tribal/feudal attitudes rooted in the system which overwrite any attempt of change.
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Interestingly, do a search, there are studies that show, other things being equal, the countries that were more intensively colonised are better off today, than the ones less so, or not colonised at all. And, of course, average population IQ matters.
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I believe that a high IQ is a prerequisite of prosperity, but not a guarantee. In other words every developed society must consist of high IQ individuals but there are poor societies with many high IQ people. Eg India 1/2
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Korea was ruled over by China for centuries, just a few decades by Japan
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