Mahama Advocates for South-South Alliance to Combat Rising Protectionism

Former Ghanaian President John Mahama has emphasized the need for a South-South alliance to counter the rising trend of protectionism, which he believes poses a significant threat to the economic development of developing countries. Mahama made this call during a recent speech, where he highlighted the importance of economic cooperation among countries in the South. He argued that the current global economic landscape is characterized by a rise in protectionism, which could have devastating effects on the economies of developing countries. Mahama noted that the South-South alliance would provide a platform for developing countries to share knowledge, expertise, and resources, thereby promoting economic growth and development. He also emphasized the need for developing countries to diversify their economies and reduce their dependence on developed countries. Mahama cited the example of the African Continental Free Trade Area (AfCFTA), which aims to create a single market for African countries, as a step in the right direction. He also called for increased investment in infrastructure, education, and healthcare, which are critical for economic development. Furthermore, Mahama stressed the importance of good governance, transparency, and accountability in promoting economic development. He noted that corruption and poor governance are major obstacles to economic development and that developing countries must take steps to address these issues. Mahama also emphasized the need for developing countries to develop their own technologies and innovations, rather than relying on foreign technologies. He argued that this would help to reduce their dependence on foreign countries and promote economic self-sufficiency. In addition, Mahama called for increased cooperation between developing countries and international organizations, such as the United Nations, to promote economic development. He noted that international organizations have a critical role to play in promoting economic development, particularly in areas such as trade, investment, and technology transfer. Mahama also emphasized the need for developing countries to prioritize the development of their human capital, particularly in areas such as education and skills training. He argued that this would help to promote economic growth and development, as well as reduce poverty and inequality. Moreover, Mahama stressed the importance of promoting regional integration and cooperation, particularly in areas such as trade, investment, and infrastructure development. He noted that regional integration would help to promote economic growth and development, as well as reduce poverty and inequality. Mahama also called for increased investment in renewable energy and sustainable development, which are critical for promoting economic development and reducing poverty. He argued that developing countries must take steps to address the challenges posed by climate change, particularly in areas such as agriculture, water, and energy. In conclusion, Mahama’s call for a South-South alliance to counter rising protectionism is a timely and important initiative, which has the potential to promote economic cooperation and development among developing countries. The alliance would provide a platform for developing countries to share knowledge, expertise, and resources, thereby promoting economic growth and development. It would also help to reduce their dependence on developed countries and promote economic self-sufficiency. Overall, Mahama’s initiative has the potential to make a significant contribution to promoting economic development and reducing poverty in developing countries.

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