This is a naive simplification. Why doesn't Infosys just copy Google and 10x its market cap? Big countries, like big companies, acquire a great deal of friction to get anything moving and institutions that make up the Goliath start getting riddled with corruption and mediocrity.

A policy change in itself can't change anything, unless, the change trickle down to the lowest level. And that rarely happens, because every level in the hierarchy has its own holes, inefficiencies, and corrupt practices.