Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?
Geopolitical Economy Report
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Neoliberalism, Cheap Goods, and the Global South
This chapter explores the relationship between capitalist countries and the Global South, delving into how capitalists benefit from cheap labor and goods produced in the periphery. It examines the impact of factors like Russia's energy and China's market on sustaining Western prosperity, and discusses the potential consequences of their potential decline. The chapter also critiques the neoliberal model and its reliance on keeping wages low in the global south.
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