However, this approach usually doesn’t work for more “system” level products.
Check out Model-Driven Architecture [1]. Most likely you’ll be able to configure an MDA toolchain to generate the code you want
[1] MDA https://en.wikipedia.org/wiki/Model-driven_architecture
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What do you mean by "system" level products?
I would envision this would make sense for microservice style APIs, not so much for client/product facing interfaces like an API tied to a web front end
Usually, the frameworks themselves, “servers,” “engines,” and “drivers” would not be easy to generate with the MDA approach. I imagine, apps and games with highly customized UI/UX would not be a good fit either.
MDA is for “boring” business apps where you would want all your screens look the same unified way. That’s where MDA shines, cuts down coding and QA effort, and allows producing massive products with many hundreds of tables and screens.