Final answer:
To progress from emerging economies to the developed world, countries must focus on improving human and physical capital, technology, and connecting to global markets. Market-oriented economic reforms and investments in education are key to achieving this.
Step-by-step explanation:
To progress from emerging economies to the developed world, countries must focus on improving human capital, physical capital, and technology. High-income countries prioritize the development of new technology, while middle-income countries focus on increasing human capital and connecting to global markets. Low-income countries need to address health and human development needs, as well as invest in infrastructure and connect to the global economy. This can be achieved through market-oriented economic reforms and investments in education and human capital development.