this post was submitted on 05 Jan 2023
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I think that captures only half of the story. The main problem these countries have is that the exploitation happens too early on the value creation chain. In fact, looking at the total value produced with inputs from these countries, much more exploitation of labour happens elsewhere. But because it happens so early in the value creation chain in these poor countries, this exploitation only supports a small local elite, with the rest of the population left with no chance at all.
I'm sure that's true for some, but I would hesitate to make that as a blanket statement.
Provide me with a counter example then ;)
Why?
Because you claim that it isn't true as a "blanket statement" and I would like to learn where it is different as I do think it broadly describes something that is true in all of them.
You got me before I could edit and clarify.
I don't claim it isn't true as a blanket statement. I said I would hesitate to make that claim. I'm not making any positive claim here, I'm in fact stating that I don't make blanket statements if I don't feel I have enough data.