Staying ahead will require diversifying in hi-tech sectors, boosting workforce resilience and advancing sustainable supply chains
Asian countries may suffer setbacks in their manufacturing ambitions if they aren’t able to produce more sustainably from the start and decarbonise rapidly
If India is to successfully double the size of its economy by 2030, the only viable path is raising the number of women in the workforce
Cooperation among nations in the Global South has enabled developing economies to help each other through knowledge and technology transfers. Using this approach to address the digital infrastructure gap and build a highly skilled workforce can keep emerging countries from falling further behind.
The speed of India’s rise in consumerism is outpacing China’s as the gap between the two countries’ markets continues to narrow. If it wants to maintain its lead as the world’s top market, China must broaden its focus to include rural areas and cater to often-overlooked consumer bases.
Increasingly, new cross-border environmental regulations like the EU’s carbon tax will leave countries such as Bangladesh and Cambodia little choice but to play catch up or risk losing out on global trade. Asian markets can embrace sustainability through artificial intelligence, clean energy investments and more collaboration among industries.
The Philippines, Indonesia, Vietnam, India, and Thailand have benefited from global supply chain diversification and are poised to capitalize on their large labor pool and potential consumer market to reach the next level of development
With Chinese lending to Africa shrinking, the continent must find ways to support its own development. It could do so by increasing internal trade, diversifying tradeable goods away from commodities, and developing its relationship with the U.S.
China’s growth trajectory, the impact of global economic conditions, geopolitical tensions and ambiguity on the energy transition are all risks. But businesses can prepare by boosting in-house intelligence and diversity – both in recruitment and operations.
Asia’s “thriving tiger” economies have managed to hold their own against developed economies in other regions for decades. However, amid geopolitical fragmentation, game-changing technological advancements and social divisions, they need to adapt quickly.