The economics of imperialism: Can the Global South resist Western exploitation? Can China help?

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