She has a point. But has left out a bigger problem.
Leadership intentions / competence, and technology.
What natural resources did Singapore and Israel explore to get to where they are?
What good has natural resources done Venezuela and Congo who are world leaders in abundance?
See https://chatgpt.com/share/687d1ffd-c314-800f-9cc5-d596394cddd2
Leadership intentions / competence, and technology are actually far more important than local or national control of natural resources.