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South-South Cooperation: What Prospects for a New Bandung Consensus?

  • Fantu Cheru
Part of the International Political Economy Series book series (IPES)

Abstract

As we approach the closing days of the twenty-first century, the balance of power in the world economy looks quite different from what existed barely 20 years ago. The shift from bipolarity to multipolarity has ushered in a new set of international alignments, potentially making a definitive break with some of the post-World War II institutions and practices. The emergence of China and India as powerful economic giants, the proliferation of new trilateral formations such as the Brazil, Russia, India, China (BRICs) alliance, the India-Brazil-South Africa dialogue (IBSA) forum, a profoundly transformed G-20 forum in the wake of the global financial crisis, presents both challenges and opportunities to the developing countries (Wilson and Purushothaman, 2003; National Intelligence Council, 2008). Indeed, over the last decade, Africa’s relationship with Asia has expanded as evident from the frequent summits between Asian and African countries. The precursor for renewing the spirit of the 1995 Bandung conference was the April 2005 Asian-African summit held in Jakarta, Indonesia.1 This was followed by the forum for China-Africa Cooperation (November 2006), the first India-Africa summit (April 2008), the Tokyo International Conference on African Development (June 2008) and the Korea-Africa Summit (November 2009). By 2010, China will overtake the US as Africa’s largest trading partner (UNCTAD, 2007a).

Keywords

Global Governance Policy Space Economic Partnership Agreement Multilateral Trade Negotiation Strategic Integration 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Fantu Cheru 2011

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  • Fantu Cheru

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