A country’s income depends on its accumulated wealth and how efficiently and innovatively this wealth is employed to produce goods and services. Does what a country produce matters? Are there constraints or drivers of wealth accumulation that can be associated with specific economic activities within a country?
The question is as old as development economics. Is specialization in producing (mineral or agricultural) commodities inherently more limiting than producing manufactures? More recently, the question has been extended to a contraposition between manufactures and services.