K’ONYANGO: South-South cooperation reshaping global economic order
South-South cooperation is emerging as a major force in the global economy, with developing nations in Africa, Asia, and Latin America increasing trade and infrastructure investment among themselves. This shift reduces reliance on traditional Western-led economic models.
Why it matters
This trend signals a fundamental restructuring of global trade power dynamics, moving away from a North-South donor-recipient model.
A section of the Port of Mombasa. Commerce among developing countries has expanded dramatically over the past two decades /FILE For decades, the international system revolved around a familiar pattern. Developing countries looked to advanced economies for investment, technology, aid and policy direction. Today, that pattern is changing.
A new wave of cooperation among countries in Africa, Asia, Latin America and the Middle East is steadily redefining global politics and economics.
South-South cooperation is no longer an ideal discussed at international conferences. It has become one of the most significant forces shaping the emerging global order.
Unlike traditional donor-recipient relationships, South-South cooperation is founded on mutual development, shared experiences and common interests.
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