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Consider the following statements regarding Voice of Global South Summit (VOGSS) :
1. India recently concluded its 2nd Voice of Global South Summit.
2. The term Global South is related to developed countries.
Which of the above statements is/are correct ?
Explanation
Statement 1 is correct: India hosted the 2nd Voice of Global South Summit (VOGSS) virtually on November 17, 2023, under the theme "Together, for Everyone's Growth, with Everyone's Trust". This followed the inaugural summit in January 2023. India subsequently hosted the 3rd VOGSS on August 17, 2024. These summits aim to amplify the concerns of developing nations on the global stage.
Statement 2 is incorrect: The term "Global South" refers to countries that are often described as newly industrialized, developing, or underdeveloped. These nations are primarily located in Africa, Asia, and Latin America. It is contrasted with the "Global North," which refers to developed countries (e.g., USA, Canada, Europe, Japan, Australia). The distinction is based on socio-economic and political factors rather than strict geography.