Read Wealth of Nations for an explanation of why this might not be the disaster for the wealthy countries as most mercantlists think it will.
Basically what's likely to happen in the long term is that shipping high skill jobs oversees will increase the world market size to a point where it's not going to actually leed to poverty in the rich regions.
Even the much hated exit of manufacturing jobs to Asia did not leed to an quantifiable decline in living standards in America as a whole and exiting the EU is not leading to an rise in working class wages across Britain.
With sensible management increasing industrial activity in the poorer regions can actually happen without a whole lot of negative side effect for the wealthy regions, but that require an kind of rational, fact based policy making that the current western political culture cannot produce as emotional irationalism seems to be an far better way to get elected then calm rationalism.
Basically what's likely to happen in the long term is that shipping high skill jobs oversees will increase the world market size to a point where it's not going to actually leed to poverty in the rich regions.
Even the much hated exit of manufacturing jobs to Asia did not leed to an quantifiable decline in living standards in America as a whole and exiting the EU is not leading to an rise in working class wages across Britain.
With sensible management increasing industrial activity in the poorer regions can actually happen without a whole lot of negative side effect for the wealthy regions, but that require an kind of rational, fact based policy making that the current western political culture cannot produce as emotional irationalism seems to be an far better way to get elected then calm rationalism.