Rise of the Global South and Its Impact on South-South Cooperation
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Over the past two decades, a fundamental transformation has taken place in the global economy caused by the impressive economic growth of developing countries like China, India, Brazil, and South Africa. The economic center of gravity is inexorably moving toward the developing South. The remarkable upsurge in cooperation between developing countries, characterized as South-South cooperation, must be understood as part of this larger story.
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accounting, Currency, Currency Composition, developing countries, emerging economies, financial flows, foreign exchange, foreign exchange reserves, global economy, income growth, infrastructure investment, International Development, investing, investment flows, investment projects, Monetary Fund, preferential market access, transaction, transaction costs, Trust Fund