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South-South Cooperation in Times of Global Crisis

Article no: EN20090206-Article-1.2-2009

South-South Cooperation in Times of Global Crisis

Developing country financial experts and government officials met for two days in early February at UNCTAD in Geneva to ponder ways to use recently much-expanded South-South economic cooperation ? particularly trade, investment, financial flows, and joint efforts to stabilize currency exchange rates and debt ? to soften the blows from a severe financial crisis now spreading to their economies from the industrialized West. Carla September reports

South-South cooperation should be accelerated and fine-tuned so that developing nations can compensate each other for expected losses in trade demand, investment, and aid from the countries of the North, participants pointed out at the headquarters of the United Nations Trade and Development Conference (UNCTAD) ...

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