SOUTH-SOUTH COOPERATION (CSE 2008)
There is a traditional mindset that cooperation is always between the developed world and developing world because of the fact that developed world is economically, politically, socially and technologically well-off which can be shared with the developing countries. But over the period it was realized the south-South Cooperation among the developing countries is necessary for better bargaining power with the developed world.
Southern hemisphere countries are developing nations which face the common challenges like poverty, unemployment ,hunger , disease, environment degradation. It can be jointly addressed through South-south Cooperation.
Many organisations like SAFTA, IBSA, NAM, G-77, 10C-RIM, Mercosur, Andean Community are formed to facilitate South-south Cooperation. South-south Cooperation has gained importance due to WTO negotiations and jointly addresses the problems created by globalization