Grzegorz W. Kolodko, former deputy prime minister of Poland and an economics professor for over 35 years, challenges traditional terms like "developing" and "emerging markets," which are often promoted by the World Bank and IMF. Instead, he uses the term "emancipating economies" to describe nations in the Global South striving for economic and political equality. These countries seek respect and a competitive footing on the global stage. While the Global South is diverse and filled with contradictions, its common goal of sustainable, durable and peaceful development unites its members. For Kolodko, the concept of the "emancipating economy" is key to this pursuit.