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In most of the developing world/3rd world countries to get any contracts you need to bribe the politicians. So any western company that has got government contr
by xbmcuser 7y ago
In most of the developing world/3rd world countries to get any contracts you need to bribe the politicians. So any western company that has got government contracts to build anything has given bribes then that black money (illegal money) is parked in real estate and banks of the developed countries. Then they provide loans through development banks like IMF etc to offset the trade imbalances that results because of the money going out of these poor countries. I personally feel one of the reasons western countries don't like China silk road initiative is that China used their own playbook and cut them out of this market of exploitation.
For the countries being exploited they exchanged 1 for the other but because of competition the politicians now get better deals make billions and once loose the power move to the west where their money was parked.