A recent information by the Boston Consulting Group highlights that countries of the Global South, including Azerbaijan, are poised to become the primary drivers of global economic growth by the end of this decade. These nations are expected to establish themselves as an independent “third force” on the world stage, distinct from traditional Western and Eastern power blocs.  The combined GDP of Global South countries is projected to grow at an average annual rate of 4.2% through 2029, significantly outpacing the 1.9% growth anticipated for advanced economies.Annual trade among Global South nations is expected to reach $14 trillion by 2033. Notably, South-South trade is projected to grow at a compound annual growth rateof 3.8%, compared to 2.2% for trade among developed countries.Countries like Brazil and India are adopting “multi-aligned” strategies, strengthening ties with both China and Western nations. This approach aims to balance economic growth with sustainability and resilience.

Azerbaijan is actively enhancing its economic and diplomatic engagements within the Global South. By fostering closer relationships with Central Asian countries, Turkey, Pakistan, and Iran, Azerbaijan is positioning itself as a key player in regional cooperation and economic integration. This includes participation in initiatives like the Economic Cooperation Organization and the revitalization of trade routes reminiscent of the ancient Silk Road.

Furthermore, Azerbaijan’s leadership in the Non-Aligned Movement from 2019 to 2023 underscores its commitment to representing the interests of developing nations and advocating for a more equitable global order.In summary, as the Global South gains prominence in the international arena, Azerbaijan is strategically aligning itself to contribute to and benefit from this emerging economic and geopolitical landscape.

Mammadova Madina\EDnews