For an extended period, nations within the region have been imprisoned by unviable economic strategies that primarily concentrate on the exploitation of the region’s natural resources. As extractive sectors contribute to elite capture, unequal and unsustainable growth patterns, high levels of corruption and violence, dependency on foreign development aid, and vulnerability to geopolitical influences, this can result in a vicious cycle of economic and institutional underdevelopment and political instability. This research proposes a twofold economic strategy to address these interrelated deficiencies and lay the groundwork for more resilient institutions: maximizing the use of natural resources by domesticating production chains to increase in-country value-added; and forming high-tech alliances with more developed nations to combat climate change and promote sustainable agriculture.
https://ucla.app.box.com/s/9gbuwnr5wfcxq6puefukt2hyy85esyja