That’s called business. Entity A provides a product or service to entity B. The price entity B pays Entity A is greater than the price entity A pays to create the product or service.
I'm not sure its outcompeted in the traditional sense if production doesn't follow environmental standards and pollutes the world. We love to buy cheap stuff because once it ships over the pacific the pollution isn't our problem. At some point we will pay for cheap electronics from the asian world.
Say it with me. You cant be a mature service economy AND an ultra cheap manufacturing economy. It's not said, its far more lucrative to to be the former than the latter. This is just an odd consequence that their investments are so concentrated in a single place. and that place is peak antithetical to fair economic fights.
