Erik S. Reinert is Professor of Technology Governance and Development Strategies at Tallinn University of Technology (Estonia) and Honorary Professor at the Institute for Innovation and Public Purpose (IIPP) at University College London. He is the author of How Rich Countries Got Rich... and Why Poor Countries Stay Poor.
Historically, this has been done by adding value to raw materials. It starts with the raw material and the question of what can be done with it. Generally, this requires a clear idea of what one wants to produce, an idea that usually stems from the available natural resources.
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Translation:
The article by Erik S. Reinert touches on fundamental elements related to the economic and industrial growth of countries, based on several challenges involving the socio-historical and cultural context, the educational system, short-, medium-, and long-term planning, policies that protect investment and promote economic growth, and enforcement policies that penalize corruption and capital flight while fostering sustained growth and overcoming structural fragility. Above all, however, it emphasizes the importance of having a mission and vision aimed at building a strong, healthy, and equitable country that reduces social inequalities and generates public policies to promote social mobility and autonomous, free living.|
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