South-South Ideas Paper: Least Developed Country Graduation – Can South‐South Cooperation Have a Positive Impact on Trade and Finance?
Item
Título
South-South Ideas Paper: Least Developed Country Graduation – Can South‐South Cooperation Have a Positive Impact on Trade and Finance?
Autor
Rahman, Mustafizur
Resumo
This report undertakes an in-depth examination of the potential role of South-South Cooperation (SSC) in supporting sustainable LDC graduation. Two avenues of SSC are considered: trade-related cooperation and extended support through concessional financial flows. It stresses that both avenues are mutually reinforcing. Analysis reveals that LDCs are increasingly integrated with the Global South through trade in goods and services, investment, Southern Regional Trading Arrangements (RTA) and financial flows from both public and private Southern providers. Southern financial institutions such as the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) have added new dimensions to these financial flows. This study argues that opportunities to leverage these connections have emerged that could help LDCs in their quest for sustainable graduation.
Ano
2021