In the ever-evolving and fluid geopolitical landscape, the rise of emerging markets and developing countries over the past three decades has been a transformative force in reshaping the dynamics of the international order. This rise of the Global South can be traced back to the economic and political changes that took place in the 1990s. In the aftermath of the Cold War, market-oriented reforms became the prevailing trend across the world. These changes unlocked the Global South’s immense growth potential and positioned it as a significant geopolitical and economic force globally.
It is within this context that a number of minilateral groupings
