Quote (thesnipa @ Aug 11 2023 12:59pm)
hard to say really, as you're starting from such a low point.
but in general an isolated economy without western overlords so you can become a seller nation of your own natural resources, instead of a labor nation while the west strips said resources. currently officials get paid off to give bullshit mining permits to china or the west, the company pays next to nothing for labor, then runs off with untold riches at bottom price. cobalt, uranium, diamonds, gold, its all the same.
then take the profits of sold goods and reinvest in agricultural infrastructure directly, reinvest in roads and education. start off with very little domestic taxation and transition from a governmental structure of ownership of mining into a more privately run sector. buy just enough military goods to crack down on illegal mining.
but its hard given how poorly structured it currently is. they're sitting on a pile of gold, and they're accepting money to load that gold into someone else's truck. quite sad really.
Why are you making the assumption that these African nations have the means to gather, process, and sell their resources without help from Western or other developed foreign nations?
How would they build the infrastructure? How would they build the machines? How would they operate the machines? How would they keep their records? How would they organize and manage their inventory? How would they have a banking system to collect revenue? How would they have a system of law and enforcement to keep peace and order on the worksites?
They're sitting on a pile of gold but they don't have the ability to collect and benefit from it without the intellectual labour of Western or other developed nations.
Why didn't they profit off of their own rich resource reserve prior to the Age of Discovery?