SOUTH-SOUTH COOPERATION: AN ALTERNATIVE FOR THIRD WORLD ECONOMIC DEVELOPMENT

The years after World War II have held numerous critical global occurrences for the global North and South, striking among them is the North-South dialogue which started as a battle by third world nations for a New International Economic Order (NIEO). Quite a long while down the line, various dialogues existed among countries of the developing South and the developed North. However, increasing inequalities between the North and third world countries have endlessly brought up issues regardless of whether these dialogues have accomplished the reason for which they were built up. Thehypothetically alternative model, ‘South–South cooperation’ has been recognized as an important cooperation modality, but encounters contradictions that are not too different from those of its North–South counterpart. Providers of the South- South cooperation are highly heterogeneous in terms of policies, institutional arrangements, and engagement with international forums and initiatives. This paper seeks to examine the factors that have driven this development as well as the development of South-South cooperation with regards to economic activities and trades among countries of the global South regions of Africa and developing Asia