India Global Forum and World Governments Summit have signed a Memorandum of Understanding (MoU) to develop an Emerging Economies Programme.
About Emerging Economies Programme
The Emerging Economies Programme is a significant initiative that will help to promote sustainable economic growth and development in the Global South.
- It is a testament to the commitment of the India Global Forum and the World Governments Summit to working together to create a better future for all.
- The programme will convene key stakeholders, including government officials, business leaders, economists, and experts, to foster high-level discussions on sustainable economic growth, geo-economic perspectives, and innovative solutions.
- The partnership will also focus on cultivating and fostering thought leadership, producing research on emerging trends, challenges, and opportunities that pertain to the Global South.
- The programme will also progressively enhance the data on the region for future governments.
- Manoj Ladwa, Founder and Chairman of India Global Forum, said, "The recently concluded G20 in New Delhi demonstrated the imperative for the Global South to continue on a path towards building equitable, sustainable & inclusive economies.
- The programme will be a pivotal new platform that will directly respond to the needs and aspirations of the Global South.
About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity. We are uniquely placed to understand the political, economic, and cultural nuances of those wanting to enter the Indian market and go global.
About World Governments Summit
The World Governments Summit Organization is a global, neutral, non-profit organization dedicated to shaping the future of governments.
The Summit explores the agenda of the next generation of governments, focusing on harnessing innovation and technology to solve universal challenges facing humanity.
What is Global South?
Carl Oglesby, an American writer and activist of the New Left, apparently coined the term “Global South” in 1969.
- In common usage, the label amalgamates a remarkably heterogeneous group of 130-odd countries, representing perhaps two-thirds of the world’s population and spreading across vast expanses of Africa, the Middle East, Asia, Oceania, Latin America, and the Caribbean.
- Its ostensible members range from Barbados to Bhutan, Malawi to Malaysia, Pakistan to Peru, and Senegal to Syria.
- The category encompasses major emerging powers, including aspirants to UN Security Council seats such as Brazil, India, and Nigeria, and small states like Benin, Fiji, and Oman.
What is an emerging economy?
An emerging economy is one in which the country is on the line of becoming a developed nation and is driven by relatively high economic growth.
A rapid expansion of trade and investment flows characterises these economies.
According to the International Monetary Fund, the following countries are emerging economies: India, Brazil, Chile, China, Colombia, Hungary, Indonesia, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Thailand and Turkey.