Last time I looked North Korea was north of South Korea. Why you grant it membership in the "Global South" is a mystery to me.
Similarly, Moscow is one of the most northerly capitals on earth. How it's part of the "Global South" is also a mystery.
I guess in your geography Australia, New Zealand, Singapore and the Falklands are no longer south of the equator. I'd appreciate seeing your map of the mythical "Global South".
Last I heard the southerly New Zealanders liked global corporate Hollywood spending hundreds of millions of $ making Lord of the Rings movies there.
If you don't like investment, you'll like disinvestment from capital leaving where it's not wanted even less.