This is a tricky one.
People know the neoliberals are screwing countries with austerity, with debt & interest. That's easy to see.
But Foreign Direct Investment (FDI) is a key to the neoliberal Washington Consensus and it's harder to argue against. It's also a big part of Deng's reforms.
So what would you say to someone who says that global capitalism is good because it helps develop countries by direct investment?
I mean yeah sure in can be good if you consider sweatshops and overcrowded cities full of unemployed people good
When ever liberals bring up these bullshit arguments, always point out the property relations involved and who owns what, direct investment is not going to the average citizen in any given country, it goes to ruthless industrialists or corrupt business politicians who use the cash to more efficiently drain resources and surplus value from the population and sell it back to the west for a vacation home in Europe or the US
The hint is right there in the name, Foreign Direct Investment, the west expects a return on the loan, i.e. they want profit and you don't generate profit by raising the standard of living of third world citizens
China is unique, which is why the vast majority of global prosperity and poverty reduction over the last 40 years in solely bound up in Chinese economic expansion, the hump on the famous elephant graph is all China