Comment by mdnahas
1 month ago
It is a recurring phenomenon. Venice, Netherlands, and today Singapore. Small countries without resources and, hence, needing trade. They become open trading hubs and grow.
Sadly, countries with a single easy-to-harvest resource —- like oil, gold, or gems —— are more likely to become closed dictatorships.
> Netherlands
Medieval Netherlands had a single easy-to-harvest resource: sea fish; a very valuable commodity for protein-starved medieval peasantry. They were very lucky to be able pivot from that to trade (the pivot required a war between merchants and nobles, which the merchants won) before the herring and cod started to run out.