The Challenges Faced Across South-south Cooperation
Journal of World Economic Research
Volume 4, Issue 5-1, September 2015, Pages: 27-32
Received: Jul. 9, 2015; Accepted: Jul. 17, 2015; Published: Aug. 13, 2015
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Author
Shailly Nigam, Department of Management, Prince Sattam Bin Abdulaziz University, Al Kharj, Saudi Arabia
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Abstract
South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country’s economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges
Keywords
Globalisation, Development Economics, Economics of Growth, South-South Cooperation
To cite this article
Shailly Nigam, The Challenges Faced Across South-south Cooperation, Journal of World Economic Research. Special Issue: The Globalization and Economic Structure Changes. Vol. 4, No. 5-1, 2015, pp. 27-32. doi: 10.11648/j.jwer.s.2015040501.14
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