South-south cooperation and Chinese foreign aid

South-south cooperation and Chinese foreign aid

Meibo Huang, Xiuli Xu and Xiaojing Mao, Springer Nature

South–South cooperation (SSC) can be broadly defined as cooperation at bilateral, multilateral, regional or interregional levels that is initiated, organized and managed by developing countries themselves, in order to promote political, economic, social, cultural and scientific development. Since 21st century, a group of emerging economies has become active in providing South–South development assistance. The development assistance provided by these countries, which falls under the framework of SSC, has its own unique features regarding the scale of and approaches to aid, regional and sector distribution, aid channels and aid management. With the start of the United Nations (UN) 2030 Sustainable Development Agenda, the Sustainable Development Goals set for all countries in the new era, touch on existing development problems and place an emphasis on the balance between economy, society and environment, and work towards benefits for current and future generations. Sustainable Development Goal 17 highlights the importance of SSC and development assistance.

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