The So What from BCG
Rethinking Global Trade from the South Up
Apr 23, 2025
Aparna Bharadwaj, leader of BCG’s Global Advantage practice, shares insights on the dynamic role of the Global South in reshaping global trade. She discusses how these nations are pivoting from low-cost production to innovation-driven growth. Key topics include the influence of China in the region, the pragmatic economic strategies of countries like Laos and India, and the importance of sustainable practices. Aparna emphasizes the potential for medium-sized economies to redefine trade partnerships and encourages leaders to embrace collaborative approaches for inclusive growth.
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Quick takeaways
- The Global South is proactively forming multilateral partnerships to drive economic growth while navigating geopolitical tensions and supply chain challenges.
- Emerging markets are shifting from low-cost manufacturing to innovation in sectors like green technologies and electric vehicles, illustrating their commitment to sustainable development.
Deep dives
Opportunities Amidst Multipolar Challenges
The global south, comprising around 130 countries, is experiencing significant growth despite a fractured multipolar world. These nations, representing over 60% of the global population, are finding innovative pathways to economic development while navigating the stress of supply chains and rising manufacturing costs. Projections suggest that economic growth in the global south through 2029 will outpace that of advanced economies by more than twofold, highlighting their resilience and adaptation amidst geopolitical tensions. This burgeoning growth presents a unique opportunity for businesses to engage with these emerging markets and leverage their expanding role on the global stage.
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