South–South Economic Linkages: An Overview

Shikha Jha and Peter McCawley
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Shikha Jha: Asian Development Bank
Peter McCawley: Asian Development Bank

No 270, ADB Economics Working Paper Series from Asian Development Bank

Abstract: The nature of South–South international economic relations has changed significantly in recent decades, especially since the early 1990s. In areas such as trade, investment, labor markets, technology, and policy coordination, regional cooperation between countries of the South and pro-market policies have supported a rapid growth in South–South linkages. Looking ahead, the prospects are that the changing architecture of international economic relations that South–South cooperation has underpinned will contribute to growth across the developing world. Governments in developing countries of the Asia and Pacific region can foster expanded South–South cooperation by strengthening the capacity of governments to support pro-market policies. Potential gains for the region include expanded opportunities to promote growth and productivity, openings to expand connectivity between and within countries, a stronger collective voice in global decision making, more effective regional institutions, and improved economic security and stability.

Keywords: South-South economic linkages; trade; investment; labor markets; policy coordination; regional cooperation (search for similar items in EconPapers)
JEL-codes: F02 F15 F21 F22 F42 F55 O19 (search for similar items in EconPapers)
Date: 2011-08
Note: URL: http://www.adb.org/Documents/Working-Papers/2011/Economics-WP270.pdf
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