Useful Terminologies
Lazy Economies Countries with little or no processIng capacity, that thrive on raw commodity exports, experience premature deindustrialisation, and tend to consistently lose their stock of human capital to brain drain. Active Economies Countries with established processIng capacity, that thrive on manufactured exports and high-tech services, build talent, and grow human capital stock to create value within and outside their national borders. Circular Economies Countries with thriving sustainable and climate-friendly activity ecosystems, that thrive on green processing, manufactured exports and high-tech services, build talent, and grow human capital stock to create value within and outside their national borders.