Critical trends in the new era of globalisation

Inform your discussions and decisions this week. For decades, rich countries have played a defining role in shaping global trade. After the cold war they promoted free-market globalisation, which enabled remarkable economic growth in emerging markets. The world has now entered a new chapter when it comes to globalisation, one that is marked by geopolitical tensions, protectionist policies and the looming threats of climate change. This poses new challenges to emerging markets, yet also presents opportunities for them to capitalise on their trading capacity in order to gain a weightier role in the global economy.

One source of growth for these countries could be increased trade with each other—and within their regions. This is explored in our new briefing paper, “From emerging to surging: intra-emerging markets trade and investment amid new globalisation”, sponsored by Invesco. It finds that intra-emerging market trade now comprises over 45% of the group’s total, up from 25% in 1990. Yet trade between these markets can be further boosted by developing robust digital and physical infrastructure, employing sustainable investment strategies, and by tapping into expanding consumer markets.

Another aspect of the new chapter of globalisation is the restructuring of supply chains. Explore how Latin America stands to benefit from companies’ push to diversify where they manufacture and invest. These shifts are part of a broader trend of businesses moving to fortify their supply-chain operations amid macroeconomic challenges, geopolitical tensions and growing climate-related risks.

Amid a new era of globalisation, assess the evolving role of emerging markets in the global economy.

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