It is not lost on anybody that those developing countries that have improved their economies have done so by developing a strong manufacturing base. They didn't do it by flinging wide open their markets, but by the brutal force of subsidy and protectionism. The United States is the mother of all protectionists. It locks out the manufactured goods of the Third World and hoards technological innovations with miserly fervour. We are oppressed because the IMF today runs 67 economies, including our own.
None is free to take sovereign decisions, and none is doing well.
Because everybody is making money from the poor. The only reason the populations of the Third World tolerate the interference of the IMF in their economies is that our national leaders are incapable of governing. Slavery and colonialism facilitated exploitation by force. Those who see the confrontation between China and United States as the opening salvo in a new cold war are right. But they are not seeing the conflict in its entire, frightening, glory.