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The rise of The Global South
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South–South Cooperation (SSC), through enhanced collaboration amongst the countries comprising the Global South, has often been on the front pages since early 1970s, when the United Nations Conference on Trade and Development (UNCTD) promoted the New International Economic Order (NIEO). However, the birth of the Global South as an entity could perhaps be traced to a 1949 speech, when US President Harry S. Truman outlined America’s obligations to its allies and the recently decolonized countries.
Against the background of the Cold War, Harry Truman lumped together the “underdeveloped nations of the world” and spoke about the need to assist them, presumably so that they were not lured into the social- ist camp.1 The significance of Truman’s speech was that it included, for the first time, the fight against underdevelopment in the developing world as a cornerstone of US foreign policy. The speech also highlighted other points, namely, the US support for the United Nations, the formation of NATO as a joint American–European defense arrangement to counter the Soviet military threat, and the creation of the US Marshall Plan to aid European reconstruction. At the time, the final point about aiding underdeveloped regions of the world was added as almost an afterthought
Justin Dargin - Personal Name
1st Edtion
978-981-4397-80-3
NONE
The rise of The Global South
Economics
English
World Scientific Publishing Co. Pte. Ltd
2013
USA
1-450
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