South-South and Triangular Cooperation (SSTC) Stocktaking and Strategic Review

03 Jun 2015
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Summary

Trends of the world‘s economies exhibit the growing power of developing countries, as also reported in the World Economic Forum or the Global Economic Prospects. In the 4th quarter of 2012, the developing countries‘ GDP grew at a 5.7% annualized pace indicating that developing countries are becoming more economically and politically capable. In a sense, the economic growth of the Southern countries is making the world less unequal; henceforth shifting the paradigm of international cooperation from traditional North-South Cooperation into a more balanced cooperation, in which South-South Cooperation heightens as complementary to North-South Cooperation.

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