I gotta say I do wonder what happens to these developing economies once the transition to clean energy is final, does it just become about rare earth mineral wealth to build an economy now or do all these countries just get left behind in the wake of the developed world becoming able to exit the game with regards to the fuel economy.
this post was submitted on 29 Jan 2024
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Mining today takes few workers. So you usually just have international companies come in with some well paid worders. They built the mine, drill the wells and do the other work necessary to the the resources out of the ground. For permission and protection they pay the local government in bribes and directly. That often also just ends up in the pockets of the local rich. The average resident of the country does not see much of the wealth in the ground. In many cases it makes their lifes worse, due to having a highly armed corrupt government, which does not have to look out for their intressts, but can just live from mineral wealth.
So it opens up a lot of options for better systems in those countries, but that depends on what happens on the ground.