As neoliberalism loses credibility, the Global South must construct a new development theory rooted in its own experience, centred on production and state capacity rather than market fundamentalism.
This issue of the international edition of Wenhua Zongheng (文化纵横) examines how the Global South can build a New Development Theory grounded in its own practice.
The US sees the emergence of China and other Asian countries as a ‘fierce competition’. For the Global South, however, these developments bring new opportunities to pursue sovereign development.
As progressive governments take office in the Global South, now more than ever there is a burning need for a new development theory that can fulfil the Promethean aspirations of the darker nations.