For 70+ years, development economists have been touting the idea that if lesser developed countries trade and invest collaboratively, it would serve as a pathway out of poverty. But today, the notion of so-called South-South cooperation is facing unprecedented challenges as developing countries confront a series of converging economic, health, and geopolitical crises.
But two economists at the United Nations Conference on Trade and Development (UNCTAD) contend that at the dawn of another Great Power rivalry and massive economic uncertainty, Global South countries working together is now more important than ever.
Richard Kozul-Wright, director of UNCTAD's globalization and development strategies division, and Alex Izurieta, head of the South-South cooperation unit at UNCTAD, join Eric & Cobus intra-Global South trade provides a critical safety net for some of the world's poorest countries.
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