"South-South cooperation will work again only if it is driven by economic opportunities rather than wishful thinking."
The Hindu : Opinion / Lead : Latin America, India's next big thing?: A combination of government initiatives and private ventures opened new vistas in India-LAC trade and investment, leading to an eightfold expansion in interregional trade.
We have come a long way since the days when India and some Latin American countries championed the cause of what was then called the New International Economic Order (NIEO) in the late 1970s and early 1980s. But there is little doubt that the challenge of making South-South cooperation work is once again at the top of the policy agenda — though this time driven by sound economic opportunities rather than by wishful thinking.
The Hindu : Opinion / Lead : Latin America, India's next big thing?: A combination of government initiatives and private ventures opened new vistas in India-LAC trade and investment, leading to an eightfold expansion in interregional trade.
We have come a long way since the days when India and some Latin American countries championed the cause of what was then called the New International Economic Order (NIEO) in the late 1970s and early 1980s. But there is little doubt that the challenge of making South-South cooperation work is once again at the top of the policy agenda — though this time driven by sound economic opportunities rather than by wishful thinking.
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