Does this strategy work for B? Or does this backfire in some way that I did not see? This is the strategy major manufacturing nations (Japan, Germany, US, China) took to develop. Maybe instead of free trade, we should be aiming for reciprocal trade.https://twitter.com/Molson_Hart/status/1184674911920492545 …
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If you have a bunch of natural resources, the most efficient and worthwhile thing to do might be extracting them, and you’re better off focusing there and buying manufactured goods from elsewhere
It's tricky. Doing this often does not provide gainful employment for the entire population. Further, when the resources run out, you don't have the ability to compete.