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?
I don't think this is a good idea. Foreign trade is very important for the 4.0 era, so that China has become the No. 2 power in the world based on its resources and cheap labor. so we should actively support poorer countries to trade more and what they need to do is improve the quality of their products to create credibility and there will be more demand from more countries. .
for example, in less resource-rich countries like Africa, they should focus on other things. be it a technology service or something that is not related to resources that can make money.