Resource-rich countries can nearly always (and should) do at least the first stage or two of processing their raw materials domestically. Sugar, coffee, ores, whatever - don't let the West take your raw materials and capture the profit on every stage after the 1st.
What you’re saying is that they should nationalize raw materials extraction and move towards refining and production finished goods.
The problem is that the West keeps the technology for refining and production behind paywalls with patents and since the same bloc tends to dominate trade, a country that subverts such protections often finds itself sanctioned and often couped.
It's not gonna be feasible/efficient/profitable to bring the entire supply chain into one country. They probably aren't gonna spit out finished li-ion batteries. But the first few steps in the value chain, sure.
Resource-rich countries can nearly always (and should) do at least the first stage or two of processing their raw materials domestically. Sugar, coffee, ores, whatever - don't let the West take your raw materials and capture the profit on every stage after the 1st.
What you’re saying is that they should nationalize raw materials extraction and move towards refining and production finished goods.
The problem is that the West keeps the technology for refining and production behind paywalls with patents and since the same bloc tends to dominate trade, a country that subverts such protections often finds itself sanctioned and often couped.
It's not gonna be feasible/efficient/profitable to bring the entire supply chain into one country. They probably aren't gonna spit out finished li-ion batteries. But the first few steps in the value chain, sure.