The Global South’s Ongoing Struggle for Economic Stability
It is a very clever common device that when anyone has attained the summit of greatness, he kicks away the ladder by which he has climbed up, in order to deprive others of the means of climbing up after him. . . . Any nation which by means of protective duties and restrictions on navigation has raised her manufacturing power and her navigation to such a degree of development that no other nation can sustain free competition with her, can do nothing wiser than to throw away these ladders of her greatness, to preach to other nations the benefits of free trade, and to declare in penitent tones that she has hitherto wandered in the paths of error, and has now for the first time succeeded in discovering the truth.
– Friedrich List, 1885, The National System of Political Economy.
Under the rhetorical banner of globalization, liberalization, and free trade, the advanced industrialized nations of the world have actually disguised their mercantilist aspirations to secure their place as the dominant economic powers in the world by denying developing countries all of the means by which they themselves industrialized. This pattern of international political and economic behavior is neither inevitable nor accidental. Power is the ability to influence others and realize one’s objectives even in the face of organized opposition. “The West imposed its own accounting practices, investment policies, and commitment to privatization upon the rest of the world despite the attempt at organized opposition by the South. International trade and investment have distributed gains in favor of those who control capital and against those who contribute human labor, especially in developing countries. The south is withering under the tyranny of the missing alternative. (Patterson 2005, 384)” The global South faces the challenges of overcoming human resources, poor infrastructure, traditional culture, inefficient bureaucracy and deeply embedded corruption and greed, inexperience, lack of scientific and technological resources, and crushing international debt, to name a few, all of which it must deal with while working in a system that is inherently prejudicial to its interests and constantly shrinking the amount of development space that it can work with (Patterson 2005, 380-1).