It's worse than you think.
That's a really long link below but it's one of the gifties I get to give as a full subscriber. It will take you past the paywall.
What Really Controls Our Global Economy https://www.nytimes.com/2023/03/12/opinion/economic-zones-global-economy.html?unlocked_article_code=gFxPZqXy0G7aImw2WlyzI8R2k5-E7_LTvEqENY0mUVtU7HOE7uGQKiTzAmGXf0SuZ6TL1_1y7kmYbqeKmUPtfYI8-AXYRTvBp7YKL51xo3Fsnhz6zUUv1H6yWg0efy_TDLrQoFeFXi9LpkEpoV5Nhegcx-HnQIFu5DYPi6EGkKqGqyIaUitpzm8NVUeSzb8q5GR3WfZ5ppnCDrmNq6C8xXwEg4irz1Kmt5ycegEfTUaPOapzwMDtZiBnGp5yeuDW0hsXVZL_EM7etLJ7PHc7RV4-odkWaAYEztX56OwwXKYfSYP9aDVR4ZVSmhWPm80FAyzaNtnxettdbzJcyx38VSycBo8Z_ck