u/neutral_penguin150

I have a question.
Much of Georgia's national industrial sector is lying dormant.
The economy is built on tourism, international logistics, and the Communications and technology industry.
To build a self-sufficient economy that will not shut down during crises like Covid or ripples in the globalized economy, we must nationalize resources and industrialize within Georgia.
This will create jobs to stabilize nominal gdp, opportunities for export, and just enhance the economy in every way.
However, upon further reflection I hit a roadblock. How must we nationalize resources if we do not have the fiscal autonomy to do so in the first place.
Factories need to be built for jobs to exist.
Resource extraction sites need to be built to get them on export.
Facilities need to be built in order to become energy-independent.
In order to do all these things we need money.
If we ask the IMF or World Bank, it comes at a price. You have to not only return that loan money but later be dependent on international institutions - not very independent.
Then we see political actors rely on local oligarchs and businessmen to invest, but that is an even worse route that leads to the exploitation of resources and workers, corruption, and overall less income to the national economy.
What must one do?
Has been there anything done in the past where a political leader took an alternative route and became successful?

I’m looking at the structural dilemma faced by many post-Soviet nations, like Georgia. Their economies are often heavily reliant on volatile sectors like tourism and international logistics. To achieve true stability and self-sufficiency, I personally think a nation needs to nationalize key resources and heavily industrialize.

However, upon reflection I came to a major roadblock: where does the initial capital to fund come from if you lack fiscal autonomy?

If you turn to the IMF/World Bank, it comes with strict neoliberal structural adjustments and dependency.

If you rely on local oligarchs/businessmen, it usually leads to worker exploitation, corruption, and/or state capture

Are there alternative historical models where a developing state successfully generated the capital needed to industrialize and nationalize resources without falling into either of these two traps?