Andrew Jeffreys, the CEO and Editor-in-Chief of Oxford Business Group, has identified three main drivers of growth in emerging markets: trade, diversification and human capital. As the list of new economic zones and regional blocs continues to expand, and worldwide trade increases with it, economies are focusing anew on diversifying their sources of income and are channelling resources into the non-oil sector. Sectors such as tourism, finance, health care and construction are seeing massive growth. Education, too, is another growth story, as a highly qualified labour force skilled in vocational and technical training will be necessary to keep up the pace. In this video, Andrew Jeffreys discusses each component of growth in detail.
– Thailand and Malaysia led the region in terms of government stimulus
– Key digital solutions were developed in food delivery, education, health care and finance
– Despite falling globally, M&A increased in Asia throughout the year
– Emerging markets in ASEAN stand to benefit from the supply chain shift away from China
With the global plant-based meat industry experiencing continued growth despite the disruption of the Covid-19 pandemic, several emerging regions are expected to see a boom in the segment that will outlast the virus.
Tourism has been hit harder than most industries by the coronavirus pandemic. However, news that an effective vaccine could soon be available has raised hopes that a recovery may come sooner than expected.
Read our Papua New Guinea 2020 Economic Report and Investment Analysis online or purchase from our online store
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×
