In the face of challenging pressures to develop an reliable alternative option to globalization–one that emerges from a developing world to put to an end to global marginalization of the poor nations–there has been a new push to redefine political and economic arrangements in recent times. One component of these many recent initiatives is the idea of south-south cooperationThe emergence of the transatlantic links between India, South Africa and Latin America began when the leaders of three countries, India’s Vajpayee, Brazil’s Lula, and South Africa’s Mbeki spearheaded a new approach to south-south cooperation at the 2003 UN General Assembly Forum, resulting in a trilateral India-Brazil-South Africa agreement (IBSA).According to the SAIIA, IBSA encompasses a total population of 1.3 billion people and an economy of $1.26 trillion. The First meeting of the foreign ministers of IBSA Dialogue Forum was held in New Delhi on March 4 and 5 2004. Issues addressed included social development, disarmament, infrastructure, health care, sustainable economic development, and poverty alleviation.After successes in the Doha and Cancun rounds of the WTO summits, The heads of IBSA met for the first ever-trilateral summit recently at Brasilia just before the NAM summit. “As emerging economic giants in the developing world,… Read full this story
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