Numbers

South to South

How It's Used

"The glut brought on by increased supply by players like Vietnam and Brazil has prompted the International Coffee Organisation (ICO) to urge Africans to take a leaf out of Ethiopia's book. It wants more Africans to drink coffee and absorb the surplus of beans.

"'Instead of bringing more to the market, drink more and bring less to the market,' said Josefa Sacko, secretary-general of the Abidjan-based Inter Africa Coffee Organisation, ICO's African branch. 'The way forward for Africa is local consumption. The prices are too low and that is why we should encourage south to south trade of coffee.'"

"It is anticipated that should a new support strategy be implemented then the balance of payment, which is currently in the negative, would become otherwise. 'We would like to host more export markets, as it is in the look, an East dominated policy. Simultaneously, we will develop regional markets while also focusing on Latin America countries under the "south to south dialogue." These would be the building blocks for sustainable markets for Zimbabwe,' said retired Colonel Katsande."

"Amidst praise for Kerala for organising the 'first ever' south-to-south contact in the world of free software and free knowledge, speakers from Venezuela, Brazil, Italy and India explored ways of understanding their respective situations and possibilities for collaboration."

"The development of emerging market economies continues to be held back by corruption and poor governance in spite of their increasing influence on the global stage and growing foreign direct investment in other countries. That was the most striking message from a two-day meeting of current and former central bankers, development experts, finance ministers, investors, and presidents of countries such as Brazil, India, and Tanzania.

"Chaired by Michel Camdessus, the former International Monetary Fund managing director, and Fidel Ramos, ex-president of the Philippines, the roving Emerging Markets Forum is seeking to place itself as a Davos for emerging markets. The forum - held after the IMF and World Bank's annual meetings in Singapore - set about celebrating trends such as 'south to south' foreign direct investment between developing countries, which now amounts to well over a third of global FDI flows."

"In part, it's about his ambition to position Brazil as a 'first-class nation.' Lula has visited 45 countries in the last three years alone and opened 35 embassies since 2003, most of them in Africa and the Caribbean. This all fits his 'South to South' strategy, a diplomatic blitzkrieg designed to gather political capital across the developing world. As a result, Brazil is well regarded in places many other nations ignore, and its trade relations are well balanced, spread in roughly equal measure between Latin America, the Middle East and Africa, Europe, and the U.S. This helped Brazil keep its footing during the global economic crash to become one of the first to shake off recession. It also turned its president into a global star."