完整原文
Neoliberal policy frameworks, despite their rhetorical promise of accelerated convergence, have fundamentally restructured the economic architecture of the Global South through deeply asymmetrical integration into globalized markets. The systematic dismantling of state-led industrial protections, compounded by the aggressive privatization of essential public utilities, has disproportionately burdened marginalized demographics while subjecting nascent domestic enterprises to uncompromising transnational competition. Concurrently, the deregulation of cross-border capital flows has tethered these economies to volatile financial cycles, precipitating recurrent sovereign liquidity crises that systematically cannibalize resources earmarked for technological upgrading and infrastructural modernization. Whilst select export-oriented sectors may exhibit superficial macroeconomic gains, such expansion remains intrinsically contingent upon external demand fluctuations and primary commodity valuations, thereby entrenching a neo-colonial pattern of peripheral dependency rather than engendering autonomous developmental sovereignty. Consequently, sustainable economic recalibration in the Global South necessitates a paradigm shift that prioritizes institutional capacity building, strategic state intervention in critical value chains, and the cultivation of resilient South-South cooperation networks as antidotes to market fundamentalism.