Geopolitical Economy Report The economics of imperialism: Can the Global South resist Western exploitation? Can China help?
49:53
The world economy is structured in an unjust way in which the West drains the wealth of the Global South. Ben Norton discusses the economics of imperialism, and how China has tried to reverse it.
VIDEO: https://youtube.com/watch?v=PlAN5-Lk0hw
China is ‘world’s sole manufacturing superpower’, with 35% of global output: https://geopoliticaleconomy.com/2024/01/31/china-world-manufacturing-superpower-production
Topics
0:00 Global inequality
3:01 World-systems analysis
4:37 Prebisch-Singer thesis
6:55 Dependency theory & commodity supercycles
8:27 Unequal exchange
11:01 Haiti & Honduras: Wage suppression in the periphery
13:57 New International Economic Order
15:22 China & the Asian Tigers
19:27 The Global South rebels
22:41 South Africa's President Ramaphosa on industrialization
25:13 Indonesia's economic development
26:34 (Neo)colonialism in Indonesia
29:29 Indonesia bans raw mineral exports
32:18 Protectionism (for the West, not for the rest)
37:38 China helps Indonesia industrialize
42:04 The myth of Chinese "imperialism"
43:04 India's economy vs. Indonesia's
46:41 China's South-South integration
49:33 Outro