CONWORL

Assessment 3

Many poorer countries have seen tremendous economic and social improvement, making

the world far more complex than the Brandt Line represents. However, inequality in these

countries has been rising, prompting the terms 'Global North' and 'Global South,' referring to richer

and poorer populations. For example, it is true that India still boasts the world's highest number of

underprivileged people in a single country, it also has a significant amount of middle class and a

wealthy elite class (RGS Org, n.d.). Recognizing that these countries in the so-called ‘Global

South’ are still improving on a lot of different areas makes it more advantageous for them to not

proceed on the paths taken by countries of the ‘Global North’ that have led to the continuous

increase in inequality income, inhumane workplaces, and negative environmental impact.

Acknowledging these opportunities could eventually lead to a more inclusive and

sustainable development for these countries. In terms of business, the window of opportunity to

establish an export-oriented economy that is competitive on the international market, possibly even

enough to withstand the massive exogenous shocks that lie ahead is an advantage for the ‘Global

South’. To put into simple terms, being underdeveloped creates more options to choose from.

Utilizing these chances to create an economic development that serves everyone will be very much

beneficial (Magdin, 2021).

Magdin (2021). A Future Beyond Commodities For The Global South. Retrieved from
https://www.forbes.com/sites/forbesbusinesscouncil/2021/10/18/a-future-beyond-
commodities-for-the-global-south/?sh=445797371e2c
RSG Org (n.d.). The Global North/South Divide. Retrieved from
https://www.rgs.org/CMSPages/GetFile.aspx?nodeguid=9c1ce781-9117-4741-af0a-
a6a8b75f32b4&lang=en-GB