Also its created a cyclical problem. (And Im going to do a terrible job of explaining this but I hope people can grasp what I’m on about.)
Getting any kind of significant change going in a “developing” nation requires MASSIVE investment that they cant afford, which requires investment from mega-multinationals or foreign nations, who then (either rightly or not) have to tread super carefully because it looks like they are trying to buy the country by proxy, which means they dont want to make the super-mega investments because one little leadership change and a little nationalisation makes their investment worthless.
Basically you need either a super benevolent form of colonialism or super ethical capitalism to get the ball rolling without just repeating the mistakes of the past.
Also its created a cyclical problem. (And Im going to do a terrible job of explaining this but I hope people can grasp what I’m on about.)
Getting any kind of significant change going in a “developing” nation requires MASSIVE investment that they cant afford, which requires investment from mega-multinationals or foreign nations, who then (either rightly or not) have to tread super carefully because it looks like they are trying to buy the country by proxy, which means they dont want to make the super-mega investments because one little leadership change and a little nationalisation makes their investment worthless.
Basically you need either a super benevolent form of colonialism or super ethical capitalism to get the ball rolling without just repeating the mistakes of the past.
:D
Ethical in the sense of developing a functional economy you can bleed in the long term as opposed to short term cut-throat exploitation.