You should read a bit more so you'd know for example what the opium wars have done to China and what the colonialism has done to India (both perpetrated by the same first world country)
Historically India and China were always the wealthiest (up to the second industrial revolution) regions out there (as in the concept of India and China as we know now are post world war II)
What we are actually seeing today is a rebalancing of wealth that is pretty much needed so that in the US a person would need to have just 1 vacation instead of 3, while in India someone can put some food in their table and allow their kids to go to college.
First world's wealth of the 20th century had nothing to do with India's or China's misfortunes of yesteryear, European/US de-industrialization and poverty is 100% globalization-inflicted.
You've no idea of what these actions have done long term for the countries. Those things are pretty relevant since India form example gained his independence around 70 years ago, not 4 century
And clearly you never read any history book
You should travel around a world a bit especially in affected countries/continents, clearly this enlightening activity evaded you.
Explotation was always limited, first due to tecnological limits, so it cant be used to describe systemic failure in decades spans. The culpript for stagnation is easily found in Centralization, mindless bureaucratization, socialism and commando economy idiocy both in Cina and India, and how things improved when approaches changed after decades of stagnation at best.
>in the US a person would need to have just 1 vacation instead of 3, while in India someone can put some food in their table and allow their kids to go to college
this is a view of economics which put the center of economic productivity in raw workhours and not organizations and capital. Not true in most cases, the competitivity of poor countries outside of manpower intensive Industries (es: garments, which moved out of china in 2018 due to labour cost) is low to no regulation on (bad) business practicies which increase shareholder values
edit: economics are not for the most part zero sum games
Nothing different than a service based economy where a huge percentage of people live paycheck to paycheck and supports wealthy billionaires.
What are you trying to prove? Because what you say has not meaning and point whatsoever. We could even argue that certain technologies advantage were reached by China before the west and people like Marco Polo have made their fortune trading them (without going there and start wars for example). Does that make them a "agrarian economy"? They were doing trades with Europe and Asia before America was even discovered (and to that extent before Jesus was born). Unless you've any evidence of what you just said, you just made an empty argument.
> this is a view of economics which put the center of economic productivity in raw workhours
I never talked about this, you're playing a movie in your head and that is the output of your own imagination.
The point I was making is in contradiction to the previous post that mentions how globalism made the west poorer while enriching other countries.
The reason is that with the previous era (colonialist) the west lived above their mean because of the exploitation that was perpetrated elsewhere (Africa and Asia). Now that these countries have added values in their economy which resulted in uplifting their own citizen to a better living standard is creating some trouble in the west.
