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If individualist elite is what it takes to develop a country, does it mean that former European colonies could have caught up with Singapore provided they were still ruled by Europeans?

Well, I wouldn't go so far as to say it's a sufficient condition. The main problems with a colonial nation I can see are that the rulers might not have the right motivations, and that there might be ongoing unrest against foreign rule. But if we assume these problems are absent... It still seems hard to believe, but maybe?
Silent Cal
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