1. Eliminate all tariffs, protectionist policies and barriers to free trade.
2. Force all governments to sell land not designated as nature preserves or other areas of explicit national interest to the populace instead of hoarding it (this is a huge problem in the 3rd world, the government owns almost all the land so nobody ever develops it)
3. Enjoy the near-elimination of poverty and famine.
4. Beverage of choice, socialist tears
Welcome to worldwide Somalia.
Low government spending doesn't have a good track record of creating prosperous countries. At all. All low-spending governments are shitholes. There's a very strong correlation between a strong state (measured as % GDP spent) and prosperity.
To clarify: nowhere in history ever got rich and powerful by using this magic low tax/low spending formula. It has no track record. All the countries that currently matter economically have historically and current government spending in the 40-50% gdp range. Ones with low spending are all nightmares, or are free ports/city states which rely on tax avoidance/shipping/trade with large countries nearby.
Here's your list. Other than a couple of micro-states which are outliers. High tax = decent place to live. Low tax = hellish shithole:
http://en.wikipedia.org/wiki/Government_spendingYou can leave the horrors of high taxing (35%) USA behind and have nice low 12.5% tax burden like Venezuela instead. Hell, even Cuba, China and Vietnam have MUCH lower tax rates than the USA. So, you see this equating of backwards socialist hellhole with high taxes doesn't match reality. It's the advanced capitalist nations which have high-taxing/spending governments. Every other system is lower taxing, and has less government spending per gdp.