CAUCASUS STRATEGIC PERSPECTIVES, vol.1, no.1, pp.59-74, 2020 (Non Peer-Reviewed Journal)
This article explores the economic dimension of South–South co-operation and
North–South dialogue – that is, co-operation and dialogue in the field of development.
After introducing the significance of the issue, the study first explores South–South
co-operation at bilateral, regional, and global levels. Second, the study examines
North–South dialogue within the framework of the New International Economic
Order (NIEO), the United Nations Conference on Trade and Development (UNCTAD),
and the Group of 77 (G-77). As the main research question, the study addresses
why the South–South co-operation and the North–South dialogue failed to deliver
effective results until recently. The study concludes that the weakness of the South
vis-à-vis the strong North prepared the ground for the eventual paralysis of the
South–South co-operation and North–South dialogue starting with the 1980s.
With the strengthening of the Southern actors such as China and the weakening
of the Northern development ideology of the Washington Consensus, South–South
co-operation has gained momentum and the North has experienced difficulties
in repelling the new development discourses of the South, including the Beijing
Consensus of China.
Keywords: South–South Co-operation, North–South Dialogue, Development,
UNCTAD, NIEO, G-77