Not necessarily: firstly, some of those factors were "have the right geology" (coal/iron/later oil), which you can't replicate even if you want to, and secondly we're already in a developed world. That changes the environment and cost/benefit analysis greatly.
The first person to develop a steam engine and the 1,000th person to do so are working in a very different way.
To develop the third world, it might be more informative to look at the postwar trajectories of Japan, Singapore, Korea, and of course China.
> faulting the west for past injustices
Many of which are linked directly to present, ongoing injustices, but you'll never read that because you have no interest in engaging with the research itself, only a caricature. Besides, isn't it better history to find out what actually happened rather than just regurgitate the propaganda of the past?