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?
These things are very easy to say, but extremely difficult to implement. First of all, innovative technology is patented. The scientists and researchers from the developed nations have the patent to most of the technologies and the developing nations can't really steal them. They can develop their own substitutes, which some of the countries are already doing (China, India.etc).