Because of the continual value of oil, and in consideration of the fact that oil as a commodity has been so important for so long, in addition to taking into fair deliberation that oil as a commodity has been, overall, increasing in its selling price, we therefore find that oil should be considered to be, especially for those nations, that have plenty of it, the supreme opportunity to jumpstart their economies and thus their corresponding GDP. The bottom line is virtually nobody would ever give a thought to nations such as the United Arab Emirates, Qatar, or Saudi Arabia, if it wasn’t for the massive amount of oil, and thus wealth, that has been generated for them, by that oil.
Sometimes, life can be really simple for certain countries, of which, that simplicity comes down to whether or not they have an abundance of a valuable commodity, such as oil, of which, the extraction of it, for them, is relatively inexpensive, and the price that they receive for the selling of it, is relatively lucrative. In other words, those that are able to manufacture or produce an item that is absolutely essential to modern day living, and are able then to get a princely sum for such, are going to be in the pole position for their nation to become wealthy, depending upon, of course, other salient factors, such as domestic population, governmental competence, business structure, and the like.
On the other hand, there are plenty of nations, of which, their people work extremely hard, such as in the assembly of cellular phones, clothing, apparel and textiles, toys, furniture, consumer electronics, and various other relatively low-priced goods, in which the main part that these nations play is to provide the cheap labor to put these things together by basically contributing that labor through the assembly of those goods. That is to say, those that do an inordinate amount of assembly of just about anything, but especially those items that are relatively cheap in price, and often do so upon an excessive amount of quantity of each, will definitely keep their people very busy and occupied, but they as a people and as a nation, will fundamentally not get rich, though they may well inch their way up, in regards to the GDP so generated by the virtue of that labor.
So then, for a certainty, some countries, because of their in-demand natural resources that they so have, are provided with a golden opportunity to become wealthy, by the simple virtue that those natural resources can be, figuratively, turned into gold, without thus having to expend an immoderate amount of effort in order to accomplish such. Then there are those other nations, that work very, very hard, through the relentless efficiencies of their factories and by the busy hands that contribute to the manufacture of those goods, but they are not on any easy path to wealth, because the compensation for doing so, is limited, and thereby often controlled by outside entities that make the real profit off of the sweat and blood of those doing that grunt work of labor. In other words, having the right natural resources can, in and of itself, make a nation rich – whereas, the assembly of low-priced goods, probably never will.