2min chapter

Odd Lots cover image

How Economic Complexity Explains Which Countries Become Rich

Odd Lots

CHAPTER

How to Maximize the Value of Your Raw Materials

If you have raw materials, maximize the value of your raw materials. Most of the things that you could do next may have nothing to do with processing those raw materials. Lagos is a port city; anything you need, you can bring in to the port. You don't have to have that raw material in your country. If you are going to be making cell phones, it's because you are able to connect to a bunch of value chains between people who are able to make memories and processors.

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