Not really, it'll make the Laurentian cities more competitive against you, drain your population and best talent, etc
You can see how they ended up stagnant by looking at what they DID produce locally, though--resource-oriented economies very vulnerable
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If you have a resource in demand, there's little incentive to develop your native productive capacities--you can just export the resource...
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...and use the earnings to buy whatever you need. This is all well and good until your buyers find other places to get the resources from...
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...or stop needing that particular resource entirely because of some technological breakthrough. When that happens...
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...you still need to import everything you used to, but you no longer have any way of paying for it. In a first world country this means...
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...you relyi heavily on welfare & other transfer payments; in a poorer country it means starve, flee, or figure out how to make more locally
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The problem with transfer payments is it means your local productive capacity continues to go undeveloped, so you need more every year
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How do you get out of this bind? How do you kickstart an atrophying economy? Unfortunately lots of people promise an answer here...
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...but the stagnant regions of the first world continue to be let down by the results.
End of conversation
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