Dr. Majid Sharifi
In the 1950’s Western countries promised to promote economic development in the underdeveloped world. However, the Global South remains behind, trapped in abject poverty. Eurocentric literature produced by mainstream scholars of economic growth in the past seven decades has continually promoted Structural Adjustment Programs and Millennium Development Goals designed to improve the Global South. Tragically, each of the West’s prescribed economic models failed at the expense of people of the Global South. The failure of Western promised growth led to an opportunity for China to offer an alternative model. Additionally, the long-term effects of the prescribed models of development have allowed multinational corporations, both in the West and East, to accumulate immense amounts of capital. These unsuccessful policies including China’s present polices have increased poverty, pollution, political instability, and social fragmentation for the Global South, as well as led to what some scholars and we would agree as a 21st-century recolonization of the Global South by China. This paper employed a qualitative analysis of the extant literature on the role of corporations in the Global South from both West and East, focusing on the pervasive state of underdevelopment in Niger Delta, Nigeria, Laos, Burman/Myanmar, and Sri Lanka. It includes scholarship produced by Western Modernization theory and Chinese Alternative developmental theory and ultimately demonstrates how these impacts the Developing countries
Chukwu, Malachi Okechi, "Projects of Economic and Social Development in the Global South: The 20th and 21st-century developmental trends and their impacts" (2020). 2020 Symposium Posters. 56.
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