Quote:
Originally Posted by SebC
If mercantilism still exists, it has pretty much reversed itself. The value is in the materials and the knowlege, but we outsource our manufacturing to the "colonies".
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In the context of Middle-East we're mostly talking about crude oil, which is mostly exported as is and refined elsewhere.
In Africa we're often talking about things such as rare earth minerals which are exported to Asia to make cellphones and such.
(China for example is btw part of "us" in this context, being from the POV of Muslim countries a foreign power that is looking for cheap raw materials for it's manufacturing industry.)