Extracting economies versus Inclusive economies: Why Countries Fail or Succeed
Curaçao was once an extraction economy. Its economic system was heavily reliant on the extraction and export of natural resources, with minimal processing, leading to a focus on resource extraction and export for profit. Local sources of wealth and resources were exploited, rather than investing in local economic development. Now an inclusive economy is required. […]
Extracting economies versus Inclusive economies: Why Countries Fail or Succeed
News Extracting economies versus Inclusive economies: Why Countries Fail or Succeed Curaçao was once an extraction economy. Its economic system was heavily reliant on the extraction and export of natural resources, with minimal processing, leading to a focus on resource extraction and export for profit. Local sources of wealth and resources were exploited, rather than […]