It does go both way as for example I have seen westeners make videos about developing nations with huge population say India because it would get them more views. Sure the ad revenue per 1000 views would be less but you would just get more views overall and I have seen that there is still anger/polarizing content generated towards Indians as such.

Which also generates hate towards Indian people online too which is definitely quite a problem, so this issue cuts both ways.

In my opinion, I used to think that there used to be nation-state actors involved within the perception of a country but the thing is that you can just have such perverse incentives and you wouldn't even need to create nation-state actors and they can then stay away blame-free even.

Edit: another thing that I remembered is that it shouldn't be a developing nation or developed nation critique but rather an critique of the system in general as I have seen western people critique about for example UK's downfall and I have seen Indian people critique about for example say India's downfall.

My point is, everyone makes rage inducing content nowadays if one looks for it and the algorithm sometimes even pushes it and so the algorithmic structure has created these perverse incentives and is pushing them on all of us basically