Growth of South-South Trade

Trade between developing nations is booming, which potentially marks the beginning of a new era of "rapid growth." The developed world during the 1950s and 1960s experienced a similar growth trajectory. The trade flows, termed South-South trade, has grown dramatically over the past two decades. Nearly half of all the goods and services produced in developing countries are exported to other developing countries. Stronger trade ties among developing countries may yield positive outcomes, but fears are growing that some emerging powers are exploiting these relationships merely to extract raw materials...[continue reading]