Geopolitical Economy Report Is debt crisis coming in Global South, with war, interest rate hikes, overvalued dollar?
Nov 8, 2022
Political economist Radhika Desai discusses the looming debt crisis in the Global South, with a focus on the imperialist nature of the international financial system. They explore parallels to the Third World debt crisis of the 1980s and the challenges faced by countries in servicing their dollar-denominated debt. The podcast also delves into the impact of inflation, the devaluation of international currencies against the US dollar, and the potential for a wave of debt crises. Additionally, they discuss the relationship between capitalist countries and the Global South, the neoliberal model's reliance on cheap labor, and the economic models of China and India.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 3min
The Inflation Crisis and its Impact on the Global South
02:45 • 7min
Risks to Elite Wealth and Complexity in Foreign Exchange Markets
10:11 • 3min
Devaluation of International Currencies and the Debt Crisis in the Global South
12:50 • 33min
China's Development Model and Russia's Forced Development
45:26 • 2min
The Potential for a Wave of Debt Crises in the Global South
47:18 • 31min
Neoliberalism, Cheap Goods, and the Global South
01:18:25 • 19min
China, India, and Economic Trajectories
01:37:12 • 4min