His understanding was that of a fool. They gained. The U,S lost unless you are considering corporations that may be U.S base but hold no allegiance, They gained. Per chance he understood that? "F" him.
I don't think you're correct in what you say. The history of neoliberal and neoconservative policies shows that it's not about nations, it's about funnelling money where it's most needed. In a sane world this would be where it really is most needed, but we don't live in one of those.
So instead, for several decades, far too much of this money has been funnelled to companies for favours and donations. That, really, is the main outcome of both policies if you live in the western world. If you're unfortunate to live in one of the countries that is 'winning' by your measure, you'll be in pretty much the same situation as any peasant in any pre-industrial nation just as the machines and the businesses move in, which is to say, often a crap one. Lured or forced to look for work in 'new' industries, you have little or no guarantee of any workplace safety measures, any responsible management or any reasonable treatment.
And the profits of this pile of human misery are 'fairly' shared at many shareholder meetings across the western world every year. Certain groups of us in the west profit by this just as the gang masters and the forgers and the bribers and the corrupt officials do.
There are certainly gains for countries taking up the manufacturing role but there are huge issues too and little oversight. The numbers look good on a balance sheet, but only because exploitation is allowed at some points in the process that would cause looks of horror in a western worker. We base the future performance of our pensions on such a model. We base the future performance of our nations on such a model.
I'm just puzzled why so many people think it's sustainable.