The problem is that crushing poverty is one source of misery, but not the only source of misery. This implies that very poor countries would have clear benefits from industrializing, but things like cultural pressures and instability also have an effect, so when resources are common other factors dominate and so additional industry doesn’t affect things much.
The problem is that crushing poverty is one source of misery, but not the only source of misery. This implies that very poor countries would have clear benefits from industrializing, but things like cultural pressures and instability also have an effect, so when resources are common other factors dominate and so additional industry doesn’t affect things much.