One day while perusing the web, I saw something on Jen Brea's blog about something called "South-South cooperation". What the term South-South describes is an economic movement which has been around for some time, but has recently begun to gather a great bit of steam. The recurring theme here is that of developing nations assisting each other in the following areas- trade, socio-economic strategy, economic policy, tariff reduction, development, and etc. The excerpt that follows, to me was a great example of South South theory put into action, so I thought I'd share it with you.
"...Brazil has chosen Ghana as a key investment destination in Africa and an investment team would be in the country after the 50th anniversary celebrations to explore areas of interest, Mr. Luis Fernando Serba, Brazilian Ambassador to Ghana has said.
The Ambassador was conferring with Mr. Stephen Asamoah-Boateng, Minister of Local Government, Rural Development and Environment in Accra this week. Mr. Serba said the 45-year cordial relationship between the two countries had given the green light for the two to do business. He said Brazil's Amazon Forest housed about 20 million people and the country had also tackled its urbanisation problem in its main city, Rio de Janeiro and noted that Ghana could learn from their experience. Mr. Asamoah-Boateng called for technical support from the Brazilian government inagro-processing to help Ghana solve post-harvest losses as well as the management of the environment. Brazil, he said, was a success story when it came to agriculture exporting over 50 billion dollars of its produce annually..."
So, over the course of time, we have covered several major movements which in some way revolve around expanding business opportunities in Africa-the traditional foreign direct investors, China, the Diaspora, and now South-South economic and social investments into some of Africa's economies. It is from these types of initiatives coupled with the dedication of Africa's entrepreneurs, both at home and abroad, that are poising Africa's economies for a momentous paradigm shift. Without downplaying the significance of South South collaboration or the other two categories, I think that Africa's population abroad (the Diaspora) has been showing some very promising trends-albeit in a very quiet manner...
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