It's basically a modern form of economic colonialism replacing the old style of colonialism with ships, guns and slaves in chains.
The brutal hard work gets done off-shore for poor pay and the spoils(profits) get shipped to the western finance capitals of the world where people who put in little effort get the cream.
It's still dependent on rich countries having historical leverage (economic, political and especially military) over the poor countries where the dirty manufacturing and hard labor happens, rather than based on any meritocracy.
Or how trade made places rich... Well you always have the buyer and seller. And less they get and more they pay worse is it for them... Trade has value generation, but also exploitation and extraction...
Not true. Those countries have become a lot richer. The transformation in standards of living since the 80s has been spectacular in many countries. The biggest drag on that has been the profits being taken by the wealthy in those countries. The west does not have he position it used to. There are a lot of British workers working for Indian capitalists. China's manufacturing is mostly Chinese owned. In a lot of other places the forreign ownership is Asian, not western. The west no longer dominates the world although westerners have been slow to bting themselves to acknowledge this.
The brutal hard work gets done off-shore for poor pay and the spoils(profits) get shipped to the western finance capitals of the world where people who put in little effort get the cream.
It's still dependent on rich countries having historical leverage (economic, political and especially military) over the poor countries where the dirty manufacturing and hard labor happens, rather than based on any meritocracy.