Otaviano Canuto: Like a Hummingbird -- From Chile to Mongolia: "Increased cross-learning and cooperation among developing countries has been a remarkable feature of the global economy in recent decades. It's been some time now since knowledge and technology flowed only from advanced economies ("North") to developing ones ("South"). Not only has South-South cooperation flourished, but also lessons from South to North have come to the fore regarding the current North-originated economic crisis.And in this instance, just as hummingbirds cross-pollinate flowers, institutions like the World Bank and the IMF can contribute to development by acting as knowledge pollinators between countries.
An example of fruitful South-South cross-learning is a recent experience between Chile and Mongolia, approached by Rogier van den Brink et al in the latest Economic Premise ("South-South Cooperation: How Mongolia Learned From Chile on Managing a Mineral-Rich Economy"). Both are mineral (copper) rich countries and benefited from booming prices before the global downturn in 2008-09."
'via Blog this'
