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E-book Innovating South-South Cooperation : Policies, Challenges and Prospects
South-South Cooperation (SSC) is both an old concept and a new idea, an old analysis and a new policy directive. Although the notion has existed for decades, it has grown in importance and function, especially since the early 2000s. It has transformed global economic structures, forcing us to redefine traditionally understood words, most notably “region” and “development.” It has manufactured new alliances, new trading partners, and new methods for economic development, especially for emerging countries. Most recently, it has been recognized as such an important concept that the United Nations (UN) has added SSC to its observance days—September 12 will now mark the international recognition of the importance of this concept, which has been gaining in momentum. At the sixty-second session of the General Assembly (A/62/295), the UN Secretary-General called on the international development community, including the UN, to help scale up the impact of SSC by (a) optimizing the use of South-South approaches in achieving the internationally agreed development goals, including the Millennium Development Goals; (b) intensifying multilateral support for South-South initiatives to address common development challenges; (c) fostering inclusive partnerships for SSC, including triangular and public–private partnerships; (d) improv-ing the coherence of UN system support for such cooperation; and (e) encouraging innovative financing for South-South and Triangular Cooperation. Two years prior, at the 2005 G8 summit in Gleneagles, the emergence of new economies and the significance of their trade with each other, including Brazil, China, India, and Malaysia, were both noted and explored.Since these meetings, SSC has grown in both significance and magnitude. Emerging and middle-income countries especially have experienced a significant increase in trading relationships between trading partners in similar economic positions. Najam and Thrasher assert that “the global financial downturn and stalled multilateral trade negotiations” have spurred the growth of these forms of cooper-ation (Najam and Thrasher 2012, 1). The UN Office for SSC is continu-ally researching and drafting policies that address the peculiarities of SSC as both a policy measure and a practice. Yet, in spite of the impor-tant role these forms of cooperation play in global trading affairs, and in turn socio-political realities, a critical study of SSC is lacking in scholarship. The concept has been gaining momentum faster than academic literature has been able to keep up.
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