North – South Cooperation
NORTH-SOUTH cooperation is a broad framework for development cooperation between the North (the developed countries) and the South (the developing countries) in the political, economic, social, cultural, environmental and technical domains. Involving two or more the developed and developing countries, it can take place on a bilateral, regional, sub-regional or interregional basis. Developing countries share knowledge, skills, expertise and resources to meet their development goals through concerted efforts.
Benefits of North-South cooperation include:
- Knowledge & technology transfer from the developed countries to the developing countries to strengthen of developing countries in multilateral negotiations;
- Development of innovative technology and the introduction of techniques better adapted to the developing countries;
- Fostering of economic, scientific and technological self-reliance;
- Use of experience and existing capacity as well as its sustainable development in developing countries;
- Opening of additional channels of communication between the developed countries and the developing countries.