What is the Global South? #TMS
Summary
TLDRThe term 'Global South', often used to describe developing countries with lower economic and industrial development, has gained prominence in global summits. It replaced the term 'Third World' due to its negative connotations. The Global South, which includes nations with shared political and economic traits, is experiencing a rise in economic and political influence. With wealth shifting from the North Atlantic to the Asia Pacific, countries like China and India are leading economic growth. By 2030, the Global South is projected to have three of the four largest economies, challenging traditional power dynamics and suggesting a future where regional partnerships could play a crucial role in global affairs.
Takeaways
- 🌏 The term 'Global South' is gaining prominence in global discussions and summits, reflecting a shift in focus towards developing countries.
- 🏛 Historically, the 'Global South' replaced the term 'Third World' after the Soviet Union's dissolution in 1991, as 'Third World' had negative connotations.
- 📊 The 'Global South' lacks a precise geographical boundary and instead signifies shared political, geopolitical, and economic traits among nations.
- 🏙️ Many countries in the Global South, particularly in Africa, carry the legacy of imperialism and colonial rule.
- 🌟 The economic and political influence of the Global South has been on the rise, with a notable wealth transfer from the North Atlantic to the Asia Pacific.
- 💹 Projections indicate that by 2030, three of the world's largest economies will be from the Global South, with China and India leading the way.
- 🔝 The combined GDP of BRICS nations (Brazil, Russia, India, China, and South Africa) already surpasses that of the G7 countries.
- 🤝 The Global South has the potential to become a significant power through strengthened regional partnerships, such as BRICS, SCO, and BIMC.
- 🔄 These partnerships aim to collectively address global challenges and enhance economic cooperation among member nations.
- 📈 The current chair of BRICS, South Africa, declared its goal to advance the agenda of the Global South during the BRICS Summit held in September.
- 🌐 The script encourages viewers to engage with the content by sharing the video and subscribing to Business Standard for more news, views, and insights.
Q & A
What does the term 'Global South' refer to?
-The term 'Global South' is a shortcut to refer to developing countries that have a relatively low level of economic and industrial development and are typically located to the south of more industrialized nations.
Why has the term 'Global South' become more prevalent in global summits?
-The term 'Global South' is increasingly used in global summits because it denotes shared political, geopolitical, and economic traits among nations, and it has emerged as a neutral alternative to the term 'Third World,' which had garnered negative connotations.
What was the traditional list of nations that made up the 'Third World'?
-The traditional list of 'Third World' nations was based on their level of economic development, but this list is now considered outdated as these nations are spread across a large spectrum of economic development.
Why did the term 'Third World' fall out of favor?
-The term 'Third World' fell out of favor because it became associated with negative connotations such as poverty and instability, especially after the dissolution of the Soviet Union in 1991.
What is the significance of the 'BRICS Summit' mentioned in the script?
-The BRICS Summit is significant because it represents a gathering of influential developing nations (Brazil, Russia, India, China, and South Africa) that are increasingly playing influential roles in global affairs.
What is the current chair of the BRICS Summit and what is its declared goal?
-The current chair of the BRICS Summit is South Africa, and its declared goal is to advance the agenda of the Global South.
What does the 'Global South' share in terms of historical context?
-Many countries in the Global South share legacies of imperialism and colonial rule, which have influenced their economic and political development.
How has the economic and political influence of the Global South changed in recent decades?
-In recent decades, the Global South has undergone a transformative shift in economic and political influence, with a wealth transfer from the North Atlantic to the Asia Pacific, challenging traditional notions of economic power.
What economic projections are there for the Global South by 2030?
-Projections suggest that by 2030, three of the four largest economies will be in the Global South, led by China and India.
What is the combined GDP of the BRICS nations in relation to the G7?
-The combined GDP of the BRICS nations already exceeds that of the G7, indicating a significant economic shift in global power dynamics.
How can the Global South potentially emerge as a big power in the future?
-The Global South can potentially emerge as a big power through reinforced regional partnerships like ASEAN, SCO, BRICS, and BIMSTEC to collectively tackle challenges and bolster economic ties.
Outlines
🌏 The Global South: Definition and Evolution
This paragraph introduces the term 'Global South,' which is increasingly used in global summits to describe developing countries with lower levels of economic and industrial development. The term has replaced 'third world' since the 1990s to avoid negative connotations associated with poverty and instability. The Global South lacks a precise geographical boundary and includes nations with shared political, geopolitical, and economic traits. Many of these countries, particularly in Africa, have a history of imperialism and colonial rule. The paragraph also notes the economic and political shifts in the Global South, suggesting a growing influence in global affairs.
📈 Economic Shifts and Projections for the Global South
This section discusses the economic transformation within the Global South, highlighting a significant wealth transfer from the North Atlantic to the Asia Pacific. It challenges traditional notions of economic power and presents projections that by 2030, three of the largest economies will be from the Global South, led by China and India. The combined GDP of BRICS nations has already surpassed that of the G7, indicating a shift in global economic power. The paragraph also mentions the growing influence of countries like China, Saudi Arabia, and Brazil in global affairs.
🤝 Regional Partnerships for the Global South's Future
The final paragraph focuses on the potential for the Global South to emerge as a major power through strengthened regional partnerships, such as BRICS, ASEAN, and BRICSAM. These partnerships aim to collectively address challenges and enhance economic ties. The paragraph concludes with a call to action for viewers to share the video and subscribe to Business Standard for more news, views, and insights, providing links to their online platforms and social media channels.
Mindmap
Keywords
💡Global South
💡Developing Countries
💡Third World
💡Economic Power
💡Industrial Development
💡BRICS Summit
💡Wealth Transfer
💡GDP (Gross Domestic Product)
💡Geopolitical
💡Imperialism and Colonial Rule
💡Regional Partnerships
Highlights
The term 'Global South' is gaining prominence in global summits.
South Africa, as the current chair of the BRICS Summit, aims to advance the global South's agenda.
The 'Global South' is a term used to refer to developing countries with lower economic and industrial development.
These nations are typically located south of more industrialized countries.
The traditional list of 'Global South' nations is evolving due to the wide range of economic development.
The term 'Global South' replaced 'Third World' after the Soviet Union's dissolution in 1991.
'Third World' had negative connotations linked to poverty and instability.
The 'Global South' emerged as a neutral alternative to 'Third World'.
The 'Global South' does not have a precise geographical boundary and denotes shared traits among nations.
Many 'Global South' countries in Africa have legacies of imperialism and colonial rule.
The 'Global South' has seen a shift in economic and political influence in recent decades.
The World Bank notes a wealth transfer from the North Atlantic to the Asia Pacific.
Projections suggest that by 2030, three of the four largest economies will be in the 'Global South'.
The combined GDP of BRICS nations already exceeds that of the G7.
Influential countries like China, Saudi Arabia, and Brazil are playing significant roles in global affairs.
The 'Global South' can potentially emerge as a big power through reinforced regional partnerships.
Regional partnerships like BRICS, SCO, ASEAN, and BIMC are key to collective challenges and economic ties.
The video encourages viewers to share and subscribe to Business Standard for more insights.
Business Standard is available on multiple platforms including YouTube, Twitter, Facebook, Instagram, Telegram, and LinkedIn.
Transcripts
[Music]
the term Global South is increasingly
finding echo in global Summits at the
bricks Summit held in September this
year the current chair South Africa
declared its goal was to advance the
agenda of the global South for the
United Nations Global South is some sort
of shortcut to refer to developing
countries the global South Nations have
a relatively low level of Economic and
Industrial Development and are typically
located to the south of more
industrialized nations however the
traditional list of Nations that make up
the global South is Wake considering
that these nations are now spread across
a large spectrum of Economic Development
Global South replaced the term third
world post Soviet Union dissolution in
1991 third world garnered negative
connotations linked to poverty and
instability consequently Global South
emerged as a neutral alternative Global
South does not have a precise
geographical boundary it denotes shared
political geopolitical and economic
trads among nations many Global South
countries notably in Africa bear
legacies of imperialism and Colonial
rule in recent decades the global South
has undergone a transformative shift in
economic and political influence the
World Bank knowns a wealth transfer from
the North Atlantic to the Asia Pacific
challenging traditional Notions of
economic power projections suggest that
by 2030 three of the four largest
economies will be in the global South
led by China and India the combined GDP
of bricks Nations already exceeds that
of the G7 while influential political
countries like China Saudi Arabia and
Brazil are increasingly playing
influential roles in global Affairs in
the future the global South can emerge
as a big power through reinforced
Regional Partnerships like sck asan bimc
to collectively tackle challenges and
bolster economic
ties if you like this video share it and
subscribe to business standard for more
news views and insights log on to www.
business-standard.com do also follow us
on YouTube Twitter Facebook Instagram
Telegram and
Linkedin she's working her way to The
Corner
Office business
standard
Voir Plus de Vidéos Connexes
Where Actually is the "Global South"?
USA is Scared: Hidden Agenda Against India Revealed 😨 | @AbhijitChavda | Dostcast Clips
Why Nations Fail? | Economics Explained
India ranked 4th most powerful nation in Asia. Here's what that means
BRICS: A Trap or Opportunity for Malaysia?
如何看待中国的一带一路?|一带一路|习近平|普京|中国制造|基建狂魔|全球门户|王局拍案20231025
5.0 / 5 (0 votes)