So strange, so skewed

Essentially a group of Asian countries with huge populations provide cheap labor for manufacturing, and the bulk of the world’s goods flow from there. The countries with strong sovereign currencies (those in the advanced capitalist sector) find various ways to distribute money for the purchase of those Asia-originating commodities.

There is global demand for some US exports: agricultural commodities, financial services, tech (software), media/“culture” (movies/TV, music, etc.) and pharmaceuticals. Germany and Japan are providers of vehicles, pharmaceuticals, machine tools, and electronics.

That’s it.

In regard to the rest of the countries, a few have some key natural resources or specialty exports, but otherwise most produce little that brings in revenue from the world market and they can’t float sovereign bonds like the US and Euro-zone countries can (no one will buy them). Their populations just have to accept low standards of living, no growth, and global economic marginalization. I wonder what life is like under those circumstances.