Australia and New Zealand might be the two Anglo nations most insulated from the upcoming crisis, at the terrible cost of falling into the Chinese sphere. But I suppose with China's manufacturing, the conversion rate between NZ wool and Australia ore to manufactured goods will be high enough to ensure a comfortable life for both nations citizens.
Developing countries should co-plan their industrialization with China, so that China does not swallow their industries whole. China could even partition out several sectors that those nations would monopolize. Ultimately, if the goal for both China and the developing country is balanced trade, such a goal can only be accomplished via coordination.
Tbh, as the industry becomes more and more capital-intensive, and profit margins drop as a result, the ratio of raw materials to finished goods tilts in the factor of the raw material exporter, unless the owner of such industry chooses to monopolize those goods. The western countries often monopolize technology in order to keep the price artifically high, but in theory, a manufacturing economy should see its profits frittered away by heavy capital investment.
