In an interview with Global Platform, Roberto Novoa, regional president of the Mexican Confederation of Industrial Chambers, and Abraham Rocha Moreno, president of the International Balloon Festival, speak on the factors contributing to growth and globalisation in their local economy. Entrepreneurs are being encouraged to take advantage of the city’s central location, logistics infrastructure and industrial clusters. In addition, natural and historical attractions have created a multitude of opportunities for the development of tourism-related industries.
As emerging markets recover from the Covid-19 pandemic and face financial headwinds due to interest rate hikes in the US, the BRICS group – Brazil, Russia, India, China and South Africa – is looking to expand its membership to tackle shared challenges.
Amid rising inflation and debt levels in emerging markets, G7 leaders pledged in June to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counterbalance the influence of China’s sweeping Belt and Road Initiative (BRI).
As countries face record-high food prices, inflationary pressures and other challenges associated with the economic recovery from the Covid-19 pandemic, the 164 members of the World Trade Organisation (WTO) came together in June to pen several trade agreements to help address some of the world’s most pressing issues.
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