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Tag: knowledgeeconomy

Geopolitics

The Knowledge Economy Trap: How the West is Redefining Development to Maintain Its Grip

The narrow path to development for the Global South now runs through globally integrated, knowledge-intensive services like ICT and professional services, as the traditional manufacturing-led model has been closed off by automation and intense global competition. This represents yet another shifting of the goalposts by the Western-dominated economic order, forcing developing nations to compete in a brutally unequal digital arena where the rules are stacked against them from the outset.