4 32 China , theEUandLatinAmerica:CurrentIssuesandFutureCooperation BrazilandSouthAfricaDialogueForum ( IBSA ) .Itencouragescooperationona widerangeoftrade , security , scienceandtechnologyissuesbetweencountries withleadershipcredentialsintheirregions , whichhappentobethethreelargest democraciesinthedevelopingworld.IBSAhassetupafundwithintheUnited NationsDevelopmentProgrammetoidentifyandfinancegood practicesin education , healthandbasicsanitationprojectsinpoorcountriesineachregion. TheBRICs — Brazil , Russia , IndiaandChina — constituteafurtherexample ofmajoremergingeconomies workingtogethertoencouragereview ofthe buildingblocks oftheinternationalsystem as we know it.Theirjoint communiquéleading up to the G20 Summitin London last April was instrumentalinmovingaheadthedebateonaBrettonWoodsII. South American integration provides a regional platform for global negotiationson manyoftheissues mentionedabove.Furthermore , trade , financingandinfrastructureinitiativeswhichareunderwaytoovercomeregional socialandeconomicdisparities , alsoofferausefulsoundingboardforinnovative proposalsontheglobalstage. ThepoliticalgroundworkformuchofthishasbeenencouragedbytheSouth AmericaArabCountriesSummit ( Brasilia , 2005 ; Doha , 2009 ), andtheSouth AmericaAfricaSummit ( Abuja , 2006 ) .Thesearethefirstlargeinternational meetingsinrecentmemoryoutsidetheregularscheduleoftheUnitedNations aimedatjoininglargeblocksofdevelopingcountries.Bysettinguptransatlantic partnerships , spanning majorgeographical , culturalandpoliticalpoles , these initiatives have helpedtoreinforceasense ofcommon purposeandforged commitment. Cooperationprogrammesrangefromimprovementsinmanioccultivationin theislandnationofSoToméandPrincipetosettingupapharmaceuticalplant forAidsdrugsin Mozambique.Bytakingpartindevelopmentschemesand technicalcooperation projectsaimed atcapacity building , Brazilseeksto contributeto the New Partnership for Africas Development ( NEPAD ) . “ Africanownership ”, as Africansproudlycallit , takestheform ofspecific commitments on questions of administrative transparency and democratic practices , humanrightsprotectionandpriorityinvestmentineducationand health. These undertakings and attendant oversight schemes offer an encouragingframeworkforattractingmuchneededinternationalcooperationand longtermforeigninvestment. Thisprocessofdomesticreformismatchedattheregionallevelbythe creationoftheAfricanUnion ( AU ) whichreplacedthelonglivedOrganization ofAfricanUnity.Theinstitutionalchangesinvolvedreflectanewwillingnesson
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