Moreover, “the development of new man-made materials will increasingly compete with, and substi¬tute for, traditional materials generated from natural resources...U.S. policymakers should be asking whether the relative economic importance of key natural resources will diminish, leaving some countries, such as resource dependent LDCs, much more worse off than the U.S. better off.” Yochelson, John, (ed.), Keeping the Pace, U.S. Policies and the Global Economy, Center for Strategic Studies, Ballinger Publishing Co., Cambridge, 1988.
<<This throw a spanner on my way of thinking. But I discovered that Yochelson was reasoning based on an OECD world.
he failed to realize that if the rest of the world would be thrown in the global economy (this was written before globalziation and USSR collapse) traditional materials and natural resources would matter like never in the past.
My idea was vindicated as today commodities skyrocket.>>
And “Experts predict that Canada, with its wealth of natural resources, would likely remain an island of privilege and comfort in the next century.” MacLeans, Sept. 11, 1989. These are examples of countries still approaching the world economy in 19th-century terms.
<<I sided with the Canadians not with Yochelson. and went on to say:
The Russians lost a golden opportunity of developing their natural resources in the first part of the 20th century. |
