SouthSouth Trade and Finance in the Twenty-First Century

Rise of the South or a Second Great Divergence

By (author) Omar Dahi, Firat Demir

Publication date:

10 October 2016

Publisher

Anthem Press

Dimensions:

229x153mm
6x9"

ISBN-13: 9781783085859

The last two-three decades have seen a dramatic rise in South–South economic relations, yet no book exists that systematically examines these changes in the global economy. Most studies on South–South relations focus on regionalism, that is regional integration in South America, preferential trading agreements, or China–Africa relations. While studies/books on South–South trade existed in the 1970s and 1980s, the new round of South–South linkages has not been covered. In addition to filling this gap, this book also includes a historical, theoretical, and empirical examination that attempts to both place current South–South relations within their historical trajectory and examine in what ways current South–South relations differ from previous attempts (‘new-regionalism’), especially that most of the previous discussions took place under the Import Substitution Industrialization or relatively protectionist era. The book contains rigorous empirical analysis of trade and finance to uncover the developmental implications of South–South trade and finance. Finally, the book engages with the burgeoning “new-developmentalism” to discuss how South–South economic integration and the rise of the South as an economic power and as an actor in multinational institutions both benefits and harms the developmental opportunities for poor and middle income South countries.

Chapter 1: Introduction to South-South Relations; Chapter 2: South-South Relations in Their Historical Context; Chapter 3: Theoretical frameworks and emerging trends; Chapter 4: Empirical Analysis of the Structure of Trade and Finance; Chapter 5: Stopping a Second Great Divergence: A New Framework For South-South Relations; Chapter 6: Concluding Thoughts.

“South–South cooperation was once viewed as a major component of an alternative and more equitable route to development for the marginalized countries of the global economy facing the inequities of North–South economic relations. With the rise of the emerging South, a large group of semi-industrial or newly industrialized countries in the global economy, does this promise still hold? Or will the widening of economic disparities within the global South continue and result in a second great divergence, this time between the emerging South and the rest of the South? In this book, Omar Dahi and Firat Demir address these fundamental questions through what is probably the most comprehensive and deep analysis to date of the past and present as well as the likely and desirable futures of South–South economic relations.”
—Jaime Ros, Professor of Economics, The National Autonomous University of Mexico, and Professor Emeritus of Economics and Faculty Fellow of the Kellogg Institute for International Studies, University of Notre Dame, USA