Benue State University, Makurdi

Assessment of South—South Cooperation As Strategy For Africa’s International Economic Development

Odo Christopher Uba PhD

Abstract

This paper assessed South-South cooperation as strategies for Africa’s international socioeconomic development Developing countries today face the multiple interlinked financial, climate, insecurity and development crises. As the development gap between rich and poor countries grows and inequality deepens, never before has South-South cooperation at all levels especially in all fields of international and domestic endeavour as developing countries seek, individually and collectively, to meet current global challenges together with developed countries. South-South Cooperation (SSC) provide a broad framework for collaboration among countries of the Global South in the political, economic, social, cultural, environmental and technical domains through strategies on a bilateral, regional, sub regional or interregional basis. Developing countries share knowledge, skills, expertise and resources to meet their development goals through concerted efforts. The paper adopted descriptive survey design methodology in the analysis of data collected. The study revealed that recent developments in (SSC} have taken the form of an increased volume of South-South trade, South-South involvement in foreign direct investment, movements towards regional integration, technology transfers, sharing of solutions and experts, and other forms of exchanges are manifestation of solidarity among peoples and countries of the South that contributes to their national wellbeing, their national and collective self-reliance and the attainment of internationally agreed development goals. The study recommends that the South-South Cooperation agenda must be determined by the countries of the South and guided by the principles of national sovereignty, national ownership, equality, and non-conditionality, non-interference in domestic affairs unless on doctrine of necessity and mutual benefit and enhancing the capacities of the institutions and the arrangements that promotes such cooperation.

DOWNLOAD COMPLETE ARTICLE HERE (CLICK)