For most of the 20th century, as the new postcolonial countries were opened up, there was a massive expansion in the supply of resource-based products like the ones we have traditionally produced and exported. In resource-based, I include both agricultural products and minerals and metals.
A number of economic and fiscal policy considerations can be derived from this. First of all, this includes substantial and continuous progress in the labour market. I believe that a reliable moderate wage policy, a differentiation of the wage structure and a greater flexibility of labour input remain indispensable in this context.