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December 22 , 2007

Comparative Regionalisms for Development in the 21st Century

Insights from the Global South


The global 'financial' crisis at the turn of the decade has accelerated changes in the relative standing of major regions. As both the US and Eurozone economies have confronted a series of setbacks and struggles to find their second breath, so Asia, Latin America and even Africa have picked up the slack and have been able to maintain high levels of growth. The resilience of the Global South questions whether we are witnessing an evolution towards a regional rebalancing or even global restructuring.

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The Geopolitics of Regional Power

In the last two decades, various states from the Global South have emerged as important players in international relations. Most popular among them is China. Brazil, India and South Africa have also taken essential roles in global and regional politics. Compared to traditional great powers, they can be labelled ‘regional great powers’ or ‘regional…

This responding volume has four interrelated topics. It explores the transformation taking place in/with regard to the financing of development in the Global South and the apparition of new players in the field. The emergence of 'New Regionalisms' in the South and the usefulness of these experiences for comparative studies of regional relationship is explicated. It turns its attention to new forms of transnational governance that are emerging and the role that a novelty of actors play in this 'new multilateralism'. Finally, it looks into the implications of this trio of novel directions and players for analyses and policies.

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