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The process of economi c coopera t i on among devel oping countrie
s ha s come a l ong way s i nce the ea rl y 1960s . A l ong s i de
the movement f rom the e s tab l i s hment of reg i onal and subreg
i on a l i n tegration and cooperati on g rou p i ngs to the e l
aborati on of concepts and a pproaches for g l obal and i nterreg i
onal coopera t i on ( such a s , for exampl e , the scheme for a gl
oba l sys tem of trade preferences a mong deve l o p ing countries
) , there has b een a n exten s ion of the scope of coopera t i on
, ori g ina l l y focused on trade , to other a rea s , i ncl u d
ing moneta ry a n d f i nan c i a l ma tters , produ c t ion , ma
rketing , and s o on . Today , the proce s s of economic
cooperation among deve l o p ing countri es occu p i e s an i
mportan t pl ace i n the economi c s t rategies a n d pol ic ies of
devel o p i n g countrie s and , in recent years , wit h the marked
deteri o ration in the wo rl d economi c s i tu a t io n and the
wea ken i ng of i n ternat i onal cooperati on for deve l opmen t ,
it has acqu ired even grea ter importa nce and u rgency . I n deed
, i n v iew of the pro s pects for the worl d economy for th e comi
n g yea rs , i t h a s b ecome an i mpera t i ve i f the devel
oping cou n t ries a re going to b e abl e to env i sage the
transformation of their economies and the g rowth ra tes th ey need
.
The process of economi c coopera t i on among devel oping countrie
s ha s come a l ong way s i nce the ea rl y 1960s . A l ong s i de
the movement f rom the e s tab l i s hment of reg i onal and subreg
i on a l i n tegration and cooperati on g rou p i ngs to the e l
aborati on of concepts and a pproaches for g l obal and i nterreg i
onal coopera t i on ( such a s , for exampl e , the scheme for a gl
oba l sys tem of trade preferences a mong deve l o p ing countries
) , there has b een a n exten s ion of the scope of coopera t i on
, ori g ina l l y focused on trade , to other a rea s , i ncl u d
ing moneta ry a n d f i nan c i a l ma tters , produ c t ion , ma
rketing , and s o on . Today , the proce s s of economic
cooperation among deve l o p ing countri es occu p i e s an i
mportan t pl ace i n the economi c s t rategies a n d pol ic ies of
devel o p i n g countrie s and , in recent years , wit h the marked
deteri o ration in the wo rl d economi c s i tu a t io n and the
wea ken i ng of i n ternat i onal cooperati on for deve l opmen t ,
it has acqu ired even grea ter importa nce and u rgency . I n deed
, i n v iew of the pro s pects for the worl d economy for th e comi
n g yea rs , i t h a s b ecome an i mpera t i ve i f the devel
oping cou n t ries a re going to b e abl e to env i sage the
transformation of their economies and the g rowth ra tes th ey need
.
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