29th September 2022 (8 Topics)
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Rediscovery of the south
Context:
- G-20 presidency is an opportunity to position India as the voice of the Global South rather than hitching its wagons to the West.
Staying South-Voice of Global South
- Global South: The term global South generally refers to countries classified by the World Bank as low or middle-income that are located in Africa, Asia, Oceania, Latin America, and the Caribbean. It is a fashionable term of the aspirational Third World — “Global South”.
- Change in Indian official outlook: The main factors responsible for this are: the persistent unwillingness of the Big Five (the US, Russia, China, France, and UK) to reform the UN; Western deglobalization; disinterest in the reform of multilateral financial and trade organizations; Failure on the part of the US, EU, China, and Japan to address the problem of mounting external debt burden of developing countries; the impasse on climate change.
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