How Rich Countries Got Rich And Why — Poor Countr...

: Prosperity follows industries with steep learning curves (like Silicon Valley in the 90s); poverty follows "flat" curves where tech is stagnant. 📉 Why Poor Countries Stay Poor

According to Reinert's analysis on Network Ideas and Earthbound Report : How Rich Countries Got Rich and Why Poor Countr...

: No country has reached high-income status without a sustained period of industrialization. : Prosperity follows industries with steep learning curves

are often trapped in raw material exports (agriculture, mining) characterized by diminishing returns . mining) characterized by diminishing returns .