GSEF provides a platform to galvanize global support to bridge the burgeoning economic gulf between the prosperous North and decadent South. The widening gap is further deepened by the pervasive influence of the rapidly evolving Fourth Industrial Revolution with is massive disruptions. The transformative power of the digilithic era which tends to further escalate extreme poverty in the Global South.
Poverty may be a recognized global scourge but Africa appears most devastated simply due to prevalence of predatory elitist governance. Corruption may be a global phenomenon but Africa’s corruption incidence is perplexing and odious. Institutions in the South are pernicious while they’re strong and inclusive in the North. GSEF’s Mission certainly provides hope for the African continent.
Institutions exist to protect standard cultural values. Strong institutions create a path for sustainable growth. The South has weak economic and political institutions and the Global South Economic Forum (GSEF) is taking the giant stride along with other relevant institutions to create the enabling environment for strong institutional trajectory.
Africa’s chances of achieving economic convergence in the face of new global environment is slim characterized by populism and nationalism as against the waning economic globalization.
Developing projects along this line to attract institutional support of cognate global organizations, GSEF’s strategic initiatives are directed at addressing these crucial institutional development concerns.
The West must participate in re-inventing Africa through both economic and humanitarian fronts. Surely not through encumbered “Greek Gifts” but through technology and cultural exchanges, etc as pointed out by Prof. Marius E. Adimmadu, an executive board member of the Global South Economic Forum (GSEF), Chairman, African Center for Economic Research and Policy Analysis (ACEPA) and Corporate Development and Assets Management Ltd.
The widening North-South Divide is worrisome and needs to be addressed urgently through both economic and humanitarian spectra involving genuine support from cognate global organizations and Donor Agencies. The North-South economic divergence is predicated on fundamental differences in political and economic institutions. Institutions exist as safeguards to people’s standards, cultural values and norms that support economic and political trajectory for sustainable growth and development.
Practical measures for resolving the burgeoning rift between the North and South are being institutionally and strategically approached by the Global South Economic Forum.
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Projects : Improving business environment and sustenance in developing countries, projects that are being developed by the Global South Economic Forum (GSEF) are aimed at contributing significantly towards the achievement of 2030 United Nations Sustainable Development Goals (UNSDGs) and the Africa Union (AU Agenda 2063, a strategic framework for the socio-economic transformation of the continent.
Case study: Most countries in the South-South lack enviable structures for Sustainable Development.
A number of African countries lack an internationally recognized quality infrastructure which would ensure the safety, integrity and marketability of goods and services and remove technical barriers to local, regional and international trade.
In 2013, under the direct supervision of UNIDO with the cooperation of the Federal Government of Nigeria, the European Union launched the National Quality Infrastructure Project (NQIP) for Nigeria.
The NQIP is to contribute to infrastructure upgrading and enhancement of the investment climate in the non- oil sectors by supporting the development of national quality infrastructure and regulations.
At the 1st Steering Committee Meeting of the Nigeria National Quality Infrastructure Project ‘Building Trust for Trade’ held under the direct supervision of UNIDO on the 18th of August 2014 at Transcorp Hilton, Abuja, the Committee Chairman, Nigeria’s Minister for Trade, Industry and Investment, instructed UNIDO to co-opt our sister organisation, the Africa Asia Scholars Global Network (AASGON) into future deliberations so that the accreditation and standardization policies and practices of Asia-Pacific countries can be more adequately factored into the final report of the committee on NQIP.
The Global South Economic Forum (GSEF) is on the verge of assessing the impact of the measures which were directed at improving the quality of Nigerian products and services and evaluate the value in the intended reduction in certification costs, and the level of increase the measure have had or are having on the country’s economic competitiveness on the domestic, regional and international markets, as well as identify the new investment and employment opportunities that have arisen through the NQIP.
Initiatives such as the NQIP carried out or about to be introduced or carried out in other African countries will be examined, monitored and evaluated for substantial growth of export capabilities of African countries.
Upcoming 2019 Events
- 1st Global South Trade Practitioners Strategic Consultative Forum and Expo
- Celebration of the: 30th Anniversary of Africa Industrialization Day, 55th Anniversary Africa Development Bank (AfDB) 55th Anniversary of the G77 @ the UN 70th of the South-South Cooperation.
- 1st Global South Trade Ministers & President Chambers of Commerce (GSTMPCC) Summit Awards & Expo
- 1st Global South Heads of State Summit for Peace and Sustainable Development (GSHSS-4PSD)
The GSEF Motto: ‘Fair Trade Fair Deal’ extensively covers international trade, investment and business consultancy, research, skills development, networking, and capacity building, etc.
Strategic Marketing, Database and Project Development, Evaluation and Monitoring, Research and Support for the development and facilitation of the emerging Africa Britain China and the Africa Britain India Trilateral Consultative Schemes.