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Ports will be central to South Asia’s alliances

Location:

SOUTH ASIA

Powers from within and beyond the region are investing heavily in harbours to bolster trade and expand influence

Panama Canal woes may boost interest in alternatives

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PANAMA

The Panama Canal remains functional and profitable, but low water levels have caused restrictions and delays

India’s railway ambitions will progress only slowly

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INDIA

India has bold plans for electrification and high-speed lines, but modernisation requires massive investment

African railway expansion faces major challenges

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AFRICA

The African Union hopes to boost rail connectivity across the continent

African regional integration faces new urgency

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AFRICA

Lagging regional integration is further complicated by the COVID-19 crisis

Prospects for emerging economies in 2023

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PROSPECTS 2023

Emerging market and developing economies (EMDEs) face a cocktail of crises and global tensions will curb remedial action

Investing in people is key to a sustainable recovery

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INT

The pandemic has damaged human and social capital; both are key to economic prospects but under-recorded in GDP accounts

Race for key minerals will affect economic prospects

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INTERNATIONAL

Critical minerals supply will be key to all economies’ prospects ahead just as fossil fuel trade balances have been

World growth over 3% in 2020 rests on emerging markets

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INT

Around 60% of 2019 global GDP is set to come from emerging markets, and as much as 66% by 2024, but many are fragile

Global tensions will spur value chains rethink

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INT

Firms are rethinking their strategies on global value chains, which may change markedly in years to come