The reality of Eastern countries' dependence on Western nations for decades has been evident. By the time Eastern countries realized that aid was merely another word for exploitation, they were already trapped in a debt trap.

When Britain brought the United States into Europe to serve as an ally against other European nations, America had a grand plan to dominate Europe, and its approach was to destroy and rebuild. During World War I, America simply watched. During World War II, after Hitler came to power and took over Europe, America offered aid to European countries with conditions: the use of dollars, the World Bank, and the IMF (Bretton Woods). After European countries agreed, America conducted Operation Paperclip, attracting 1,100 German scientists to America, after which Germany was conquered. Since then, Europe and the world (the majority of other countries in the world were colonies of European nations) have been controlled by America, the victorious nation. It doesn't stop there, America as a nation, coupled with the wealth of American capitalists (private sector), controls the majority of the world's wealth.

In 2013, only one country emerged that dared and openly took action (not just talk) to challenge US hegemony. Despite all the controversy, China succeeded in displacing the United States as the trade controller. Seeing China observe, imitate, and modify the American approach to capitalism, we can only wait to see whether the dedollarization campaign will succeed and China can displace American control in other sectors.

Inflation and Western countries can be exported through several channels (commodity prices, exchange rates, global interest rates, trade policies). However, the effects are highly heterogeneous: some developing countries are severely hurt (food/energy importers with dwindling reserves), while others (exporters of certain commodities) may temporarily benefit. To mitigate the impact, a combination of targeted social protection measures, fiscal/monetary resilience, and international cooperation is key.

Large commodity exporters (Brazil, Russia) can benefit from rising global commodity prices, but are vulnerable to exchange rate pressures, sanctions, or market dislocations. Meanwhile, India, as a major energy importer, will be most directly hit by rising energy prices (food/energy inflation is rising, and reserves and macroeconomic policies are crucial for mitigating India's economic crisis). China, as a manufacturing supplier, can dampen global inflation if exports of cheap goods increase; however, disruptions to Chinese supplies have the opposite effect. Meanwhile, in Ukraine (states of war and breadbaskets), the local crisis has resulted in high domestic inflation and the risk of rising global food prices due to disruptions to wheat exports. In addition to importing inflation, Ukraine can also export inflation.