Ricardo Hausmann writes: \u00a0Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export \u2013 often to those same poor countries \u2013 more complex products such as chocolate, cars, and jewels. If poor countries want to get rich, they should stop exporting their resources in raw form and concentrate on adding value to them. Otherwise, rich countries will get the lion\u2019s share of the value and all of the good jobs.<\/p>\n
Poor countries could follow the example of South Africa\u00a0and Botswana\u00a0and use their natural wealth to force industrialization by restricting the import of minerals\u00a0in raw form (a policy known locally as \u201cbeneficiation\u201d). But should they? \u00a0Added Value and Wealth Creation<\/strong><\/a><\/p>\n Ricardo Hausmann writes: \u00a0Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export \u2013 often to those same poor countries \u2013 more complex products such as chocolate, cars, and jewels. If poor countries want … Continue reading ![\"Manufacturing](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Manufacturing-Chocolate-300x205.jpg\")
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![\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Ricardo Hausmann writes: \u00a0Poor countries export raw materials such as cocoa, iron ore, and raw diamonds. Rich countries export \u2013 often to those same poor countries \u2013 more complex products such as chocolate, cars, and jewels. If poor countries want … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-18535","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Manufacturing-Chocolate.jpg\"){kind=link}