r/science - New study shows that poor countries do more to develop rich countries than the other way around. In other words, rich countries take significantly more resources and labour from the global South than they give. This inequality is systemic and hampers global sustainability in multiple ways.
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  • constantly_dabbing [none/use name]
    ·
    4 years ago

    only two comments mentioned finance, which is a big reason the USA hasn't fallen behind during their covid crisis parasitism

    check out this idealist liberalism:

    Foreign investments isn’t actually good if you want your ecomomy to develop, because foreign investment = foreign ownership. This also leaves you at the mercy of said foreign companies.

    This is completely false. Even if there is foreign-ownership, there is knowledge transfer

    aFrIcAnS DoN'T NeEd mAtErIaL OwNeRsHiP Of tHeIr oWn pRoPeRtY, tHeY KnOw hOw tO CoDe