

Yep. The huge advancements in technology brought about by colonialism and capitalism in Europe compelled their naval supremacy, which allowed Europe to dominate trade routes, leapfrogging India and China who were still more of a developed feudal-sort of stage. This led to the Opium Wars, colonization of India and China, and eventually their independence movements that propelled China into socialism and India into its own capitalist system (which is a whole other discussion).
Sort of. There was a decent bit of naval development which enabled the initial slave trade and colonization of the Americas, but they didn’t truly leapfrog India and China until they used the spoils to reach dramatic capitalist development, industrialization, and purposefully direct research and tech into millitary and naval development so as to become uncontestable. This turned trade from being somewhat dominated to fully dominated and uncontestable.