A little bit of this is true for sure.
I think this is 70% the reason, when you'd see the 70s and even 80s and early 90s international matches it was like watching a college team play a good pro team in basketball or football.
There were maybe 2-3-4 europeans and asians that could play with the top 20 US players. Now there are 2-3-4 US players that can play with the top 20 Euro and Asian players.
Not talking about the Philipines but Japan, China, Taiwan.