South Shock

Unequal exchange of labour in the world economy.

Lord, this paper is a mess. So, let me get this straight — if you include countries in the “Global North” that are approximately 10% of the world’s population, then the other 90% of countries produce 90% of the shit? Shock me harder, daddy.

And this, check this out.

The periphery, or global South, includes all other countries (i.e. the IMFโ€™s ’emerging and developing’ countries). In EXIOBASE, several of the IMFโ€™s โ€™advanced economiesโ€™ (Singapore, San Marino, Iceland, Israel, Liechtenstein, Macao SAR, Hong Kong, Puerto Rico, Monaco, Bermuda, Andorra and New Zealand) are aggregated into regions, such as โ€™Rest of Europeโ€™, โ€™Rest of Asiaโ€™, etc. We were, therefore, compelled to include these countries in our ‘global Southโ€™ category.

What a damn joke. And yes, I did read the whole paper. It’s bad. It’s very bad. I can’t even judge its conclusions because its data is such junk. Could be true, could be false, who the fuck knows? GIGO.

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