The "Global South" is a term that gained prominence in the latter half of the 20th century. It is used to refer to countries in Africa, Asia, Latin America, and the Caribbean, many of which share a history of colonialism, economic dependency, and socio-political struggles. The term was initially introduced as a more open and value-free alternative to "Third World" and other terms that were potentially "valuing," such as "developed" and "developing".
While the Global South is largely defined by its developing status, it is known for its rich biodiversity, vast deserts, rainforests, and fertile plains. Many countries in the Global South are newly industrialized or in the process of industrializing. The Global South is playing an increasingly important role in international relations, with its rising importance stemming from its potential to counterbalance traditional power centers, its vast markets, and its increasing contributions to global trade, energy, and technological innovation.
Recent developments indicate a growing coordination among countries in the Global South, with platforms like BRICS gaining political credibility. These nations are demanding greater participation in global decision-making and are seeking to reform global governance institutions. The Global South has achieved significant progress in economic and social development, with increased economic output, industrial development, and trade and investment. Many countries are focused on ensuring access to capital, new energy sources, climate change adaptation, digital public infrastructure, and the removal of trade barriers.