Sure, but not the way West conducted it, by going and killing generations of people. Look at India, before British colonization they accounted for almost 25% GDP of the world (~1700s), now it is around 3-4%
Or lets look at China itself, before the opium wars and British colonization, it accounted for ~30% of the world GDP, by 1970s it dropped to 4-5%, now climbing back to 20%.
Indonesia would be another example.
You keep defending the West, even though its actions were much worse than "industrial espionage", because you probably live in the West and feel nice about your day to day life and regular things like education feels granted, and not seeing the enormous impact of the West's evil actions to the lives of billions of people around the world in the last 200 years. (US hasn't even stopped yet, see Cuba, Middle Eastern countries)