I'm sure there are exceptions, but the majority of cases always rules.
There's an entire historical background that explains why most "executives" and founders see programmers, or any employee of any sort, as obedients servs that must compel and be grateful for their jobs.
That "classism" will always be present and act as the strongest force against innovation in that country.
Technology is not a factory and, whenever you try to modularize it in such form, you see mediocre, subpar, results.
There might have some small local companies that are able to challenge the even worse local oligarchs from past generations, but they will never be able to compete at a global level, as you'd expect from a real startup ecosystem.
And if they end up facing an international competitor, they might as well be crushed or acquired by them.
I don't get into a personal attack here, but you may want to experience more in depth some of these places like SF, Israel, Chile, Paris, Berlin to understand these profound cultural differences.