Colonialism or sovereignty? How the global financial system traps countries in debt
Geopolitical Economy Report
Rethinking the Global Financial System
The chapter examines the impact of the global financial system on developing countries and highlights the need for a shift in thinking. It discusses the export-oriented nature of the system, the neglect of social benefits and low incomes, and the deliberate policy of keeping labor costs low. The chapter also explores the idea of creating a new financial mechanism that serves the interests of all countries.
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