We’ve become accustomed to talk about the rise of the “global South” in business and economic circles—as these past several years have seen developing countries (mostly BRICs, but also others) surging economically while the global North has retrenched. I’ve discussed in this blog space how outbound investment from developing countries is one indicator that we can point to confirm this trend.
The UN Development Program (UNDP) recently released its annual Human Development Report that takes as its theme the rise of the global South. I attended the Washington launch of the
report which was held, for the first time, at the World Bank. World Bank chief economist Kaushik Basu noted during the event it’s a welcome move. The World Bank and UNDP have much information, tactics, resources, and energy to share.