While the term 'Global South' is vague - and some have argued for abolishing it - it is used here to mean the larger and richer developing nations. The demands made by the Global South have created political and economic shifts that the West will need to adapt to.
With respect to GDP in purchasing power parity-adjusted terms, India is the third largest economy globally, while Indonesia is seventh and Brazil is eighth. Meanwhile, the G7's share of global GDP has fallen from 65 to 44 per cent over the last 50 years due in part to China's rise but also to the rise of the Global South.
[
add
]
[
|
|
...
]