This means that any country that tries to make a profit-sharing agreement with a foreign investor runs the risk of ending up with half of almost nothing. Rather, global companies pay out their would-be profits as interest to the financiers who put up the money for corporate raiders and investors and other corporations to buy out these multinational firms. They also pretend that their profits are expenses on insurance and other non-production charges. Sometimes, high technology IS spread to the developing countries. But their labor does not benefit.
Wage rates remain low, even in high-technology industries such as computers and pharmaceuticals.
Part of the problem is technological. The leading core economies concentrate research and development in the United States and Europe. But most of the problem is financial. Industry throughout the world has been taken over by the financial sector, including corporate raiders. Most of you here focus on the exploitation of cheap low-wage labor in the developing countries.