News

By Dawei Wang, Economist, UNCTAD

The policy experiences that transformed China from a manufacturing assembly hub of the world to an economic powerhouse offer valuable lessons for countries in the global south.

Written by Richard Kozul-Wright, Director of Globalization and Development Strategies, UNCTAD

Developing countries seek to rejuvenate and leverage their cooperation to make progress on the global goals.

China's economic rise is a model developing countries can adapt for local application, using shared policy lessons and experiences.

The ambitious Belt and Road Initiative seeks to pull over 120 countries connected to China into a unified market using investment and lessons from its own economic ascent.

A special event organized by UNCTAD marks International Day for South-South cooperation and the achievements of decades of work to promote trade between developing countries.

UNCTAD and the Global Network of Exim Banks and Development Finance Institutions (G-NEXID), meeting in Geneva on 19th May 2015, agreed to work together to promote understanding of south-south cooperation and the role of banks in financing development.

The UNCTAD secretariat is organizing a discussion forum entitled "Why Trade Matters in Development Strategies", which will take place from Wednesday, 27 November to Friday, 29 November in room XXVI of the Palais des Nations in Geneva.

South-South trade has grown dramatically in the past decade. It claims about a quarter of the value of world trade, says UNCTAD´s new South-South Trade Monitor.