5 ms·
What is the Global South going to spend $4 trillion on?
by candiddevmike 2y ago
What is the Global South going to spend $4 trillion on?
- hilux 2y agoTo pay World Bank consultants, of course!
- wongarsu 2y agoI imagine flood mitigation for population centers, hydroelectric dams, renewable energy, electricity grids, rail lines and public transportation, etc
- mmooss 2y agoAre you saying people in those countries will have a problem finding worthwhile investments? The US spent ~$6 trillion in one year, 2023 [0] on ~330 million people. Billions live in the Global South and are in much greater need of resources, due to lack of accumulated capital investments. [0] https://www.cbo.gov/publication/59727 https://www.cbo.gov/publication/59727
- fakedang 2y agoThat's an incorrect measure to look at though. Per capita social expenditure is highly dependent on the welfare structure of a country. There are developed countries (notably the Arab welfare states - for their citizens only!) which get away with a much lower expenditure even adjusted for PPP, simply because the government directly handles the provision of a lot of essential services such as education and healthcare. The US Medicare system is structured in a way to inflate its own costs.
- mmooss 2y agoHowever you measure it, finding investments for $4 trillion will not be hard.
- nradov 2y agoSince China is apparently part of the "Global South" (despite being in the Northern hemisphere) I suppose they'll spend it on various things like coal-fired power plants, petroleum imports from Iran, condos in Vancouver, shark fin soup for Communist Party banquets, ICBMs to point at us, bribes to foreign politicians, etc.
- nxm 2y agoMost will be wasted through corruption I'm willing to bet
- deleted 2y ago[deleted]