Also, not hating on the Kerala model - every state in India is now in the position where they can take advantage of it.
But I do not think it's replicable in most other LDCs due to historical quirks.
Like, Malawi, Guinea, or Afghanistan can't use much of the "Kerala Model" to succeed, as India was unique in that it was subsidizing the UAE's economy with the "Gulf Rupee" [0] (maybe Cambodia/Laos thanks to Thailand, but it ain't a great reason why IYKYK)
But I do not think it's replicable in most other LDCs due to historical quirks.
Like, Malawi, Guinea, or Afghanistan can't use much of the "Kerala Model" to succeed, as India was unique in that it was subsidizing the UAE's economy with the "Gulf Rupee" [0] (maybe Cambodia/Laos thanks to Thailand, but it ain't a great reason why IYKYK)
[0] - https://ar.m.wikipedia.org/wiki/%D8%B1%D9%88%D8%A8%D9%8A%D8%...