Rise of South transforming global power balance, says UNDP report

From the 2013 Human Development Report, The Rise of the South: Human Progress in a Diverse World:

Massive poverty reduction, middle-class expansion from major development gains in Africa, Asia, Latin America…. This phenomenon goes well beyond the so-called BRICs, middle income countries often represented by Brazil, Russia, India and China, the 2013 Report stresses.

This phenomenon goes well beyond the so-called BRICs, middle income countries often represented by Brazil, Russia, India and China, the 2013 Report stresses. The Report shows that more than 40 developing countries have made greater human development gains in recent decades than would have been predicted. These achievements, it says, are largely attributable to sustained investment in education, health care and social programmes, and open engagement with an increasingly interconnected world.

This historic progress is creating opportunities for the South and the North to collaborate in new ways to advance human development and confront shared challenges such as climate change, the Report says. Countries across the South are extending trade, technology and policy ties throughout the North, while the North is looking South for new partnerships that can promote global growth and development.

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