VOGSS aims to bring together countries of Global South to share their perspectives on whole range of issues aligned with the philosophy of ‘Vasudhaiva Kutumbakam’.
- Global South refers to various countries that are sometimes described as “developing,” “less developed” or “underdeveloped.” and it's separated from Global North (rich countries) by Brandt line.
- India hosted 1st and 2nd VOGSS in January and November of 2023.
Key highlights of 3rd VOGSS
- Theme: "An Empowered Global South for a Sustainable Future”.
- Virtual Meet: 123 countries joined virtually (China & Pakistan not invited)
- Global Development Compact (GDC): India proposed GDC amid concerns over countries burdened with debt in name of development finance.
- Compact will focus on trade for development, sustainable growth, technology sharing, etc.
- India will launch a special fund of $2.5 million to boost trade promotion activities & Trade policy training fund of $1 million for capacity building.
Challenges faced by global south
- Obsolete Global governance and financial institutions.
- Technology divides between North and South.
- Terrorism, extremism and separatism remain a serious threat.
India’s Advocacy For Global South
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