ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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South-South Co-operation-Changing Dynamics

THERE have always been strong reasons for encouraging South-South economic co-operation. Some of the reasons have been negative (reduced dependence on western markets, given particularly the unstable western demand for primary commodities); other reasons have been more positive (promotion of infant industries unable to compete with their western counterparts, but nevertheless requiring larger markets for achieving economies of scale). The most powerful, however, is one that has become applicable only during the last decade: western economic growth has sharply decelerated, dampening the growth of western imports. It has therefore become increasingly urgent for countries of the South to seek avenues of trade amongst themselves.

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