Polictical science 222
Global political economy
Week 4 Notes
Lecture 10
- The Global South & GPE
- Rise of the Global South in the GPE
Lecture 11
- BRICS
o Not your typical Organization
o Aims and Challenges
- New Development Bank
- BRICS +
- A BRICS currency in the making?
Lecture 12
- Mao Zedong
- Deng Xiapong and the Emergence of the China Model
- Four Economic pillars of The China Model
- The Washington Consensus Vs Beijing Consensus
Readings this week:
BRICS and the World order: A beginners Guide
The Global South and development Policy of 2023
The China Model 2010
Policy Center for the South, the rise of the south
Lecture 10
- The Global South & GPE
- Rise of the Global South in the GPE
Reading: The Global South and development Policy of 2023
Policy center for the south, the Rise of the south
The Global South & GPE
, The global south is a term used to refer to countries that are generally less
economically developed than Global North countries.
The term “Global South” emerged in the mid-20th century to describe
former colonies that were seeking to assert their economic and political
independence from the industrialized countries of the Global North
Brandt Line
Broad term that includes a diverse range of countries with different levels
of development, political systems, and cultures
Global south is not a geographical concept.
The concept is debated.
Russia (a foot in both groups)
China (a foot in both groups)
General characteristics
Lower levels of economic development
Higher levels of poverty and inequality
Dependence on primary commodity exports
Limited access to foreign direct investment and technology
Weak institutions and governance
Rise of the Global South in the GPE
The GPE has traditionally been dominated by the Global North, which
consists of developed countries with strong economies and political
influences.
Historically the global south has occupied a peripheral position in the GPE.
(many GS countries were formed colonies reliant on primary commodity
exports)
Limited industrial base and lack of technological advancement =
not much economic power and influence
Could not shape economic rules and international institutions.
BUT… the Global South (specifically some countries in the GS) are
experiencing a rise in economic power, political influence, and
development.
Factors driving the rise.
Economic growth and diversification
Demographic shifts and growing labour forces
Technological advancement and innovation
Resource wealth and strategic importance
Shifting power dynamics?
Increased bargaining power in trade negotiations
Emergence of new economic powerhouses (China, India)
Growing influence in international institutions
Challenges
Inequality with the Global south
Vulnerability to extend shocks (e.g. climate change + financial
crises)
Balancing economic growth with social development
Integration into the Global economic system
Transfer to more sustainable innovation, energy transition.
Global political economy
Week 4 Notes
Lecture 10
- The Global South & GPE
- Rise of the Global South in the GPE
Lecture 11
- BRICS
o Not your typical Organization
o Aims and Challenges
- New Development Bank
- BRICS +
- A BRICS currency in the making?
Lecture 12
- Mao Zedong
- Deng Xiapong and the Emergence of the China Model
- Four Economic pillars of The China Model
- The Washington Consensus Vs Beijing Consensus
Readings this week:
BRICS and the World order: A beginners Guide
The Global South and development Policy of 2023
The China Model 2010
Policy Center for the South, the rise of the south
Lecture 10
- The Global South & GPE
- Rise of the Global South in the GPE
Reading: The Global South and development Policy of 2023
Policy center for the south, the Rise of the south
The Global South & GPE
, The global south is a term used to refer to countries that are generally less
economically developed than Global North countries.
The term “Global South” emerged in the mid-20th century to describe
former colonies that were seeking to assert their economic and political
independence from the industrialized countries of the Global North
Brandt Line
Broad term that includes a diverse range of countries with different levels
of development, political systems, and cultures
Global south is not a geographical concept.
The concept is debated.
Russia (a foot in both groups)
China (a foot in both groups)
General characteristics
Lower levels of economic development
Higher levels of poverty and inequality
Dependence on primary commodity exports
Limited access to foreign direct investment and technology
Weak institutions and governance
Rise of the Global South in the GPE
The GPE has traditionally been dominated by the Global North, which
consists of developed countries with strong economies and political
influences.
Historically the global south has occupied a peripheral position in the GPE.
(many GS countries were formed colonies reliant on primary commodity
exports)
Limited industrial base and lack of technological advancement =
not much economic power and influence
Could not shape economic rules and international institutions.
BUT… the Global South (specifically some countries in the GS) are
experiencing a rise in economic power, political influence, and
development.
Factors driving the rise.
Economic growth and diversification
Demographic shifts and growing labour forces
Technological advancement and innovation
Resource wealth and strategic importance
Shifting power dynamics?
Increased bargaining power in trade negotiations
Emergence of new economic powerhouses (China, India)
Growing influence in international institutions
Challenges
Inequality with the Global south
Vulnerability to extend shocks (e.g. climate change + financial
crises)
Balancing economic growth with social development
Integration into the Global economic system
Transfer to more sustainable innovation, energy transition.
