Interestingly, this is a voluntary form of colonialism. An external power comes in, builds a bit of infrastructure, and massively exploits natural resources, wi

Interestingly, this is a voluntary form of colonialism. An external power comes in, builds a bit of infrastructure, and massively exploits natural resources, with minimal improvement for the local people. Macroeconomically, it also lets them recycle their huge current account surpluses. But this is done without the hassle and expense of a military invasion. The Chinese have it down.