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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Defining the Global South
- The Global South consists of about 130 diverse emerging and middle-income countries making up over 60% of the global population.
- They are growing economically twice as fast as the Global North and chart their own pragmatic courses in a multipolar world.
Pragmatism in Global South Growth
- Pragmatism unites Global South countries focused on growth and neutral diplomacy.
- They form regional and multilateral partnerships to strengthen trade and remain economically relevant.
Laos' Green Energy Example
- Laos leverages hydroelectric power to provide green energy across ASEAN, combining economic growth with sustainability.
- Many emerging markets possess blue economies or carbon sinks that support both environment and economy.