The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
Is it that the use of natural resources? to make the welfare of the country's society increase? if the government can manage it well, then the country's natural resources can become infinite wealth, look at the UAE, only with the oil wealth they have, almost everyone in their country has a good economy, everything is paid for by the state, schools food and so on. Make their national economy very well.
While in my own country with a lot of gold wealth, but the government is greedy to sell it to foreign countries, and let the company seize the existing gold in our country, our country is only given a tax of 1% of the income owned by that foreign company, very sad indeed.