Friday, March 7, 2014

Heading due South

"The  is convinced that the developed countries cannot play the role of the engine of Southern growth. The new locomotive forces have to be found within the South itself. South-South co-operation is therefore crucial." Manmohan Singh, then secretary general of the South Commission, said this to a symposium on development at Espoo, Finland, in May 1989.

Dr Singh's statement came at a time when the Atlantic powers, under the leadership of the Group of Seven (G7), were using the debt crisis of the 1980s to remake the global economic order in their favour. The "Third World project" was already in retreat. What was on offer was the structural adjustment programme of the Washington Consensus. "…Intellectuals like Manmohan Singh," writes  in his latest book, , "began to trumpet a new siren: Neoliberalism with Southern Characteristics for domestic policy and South-South Cooperation for international policy. It was not a capitulation to the North, but the creation of a new approach."

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