For innovation to serve everyone in emerging economies, it must go beyond the relentless pursuit of the cutting edge. Focusing more on the needs of the majority of Asian emerging market consumers will lead to more sustainable, lasting growth.
China’s Belt and Road Initiative has been heralded as both the largest cooperative infrastructure programme in global history and an attempt by Beijing to achieve world domination. In reality, the opportunities and risks are more nuanced, writes George Abonyi, Senior Research Fellow and Visiting Professor, at the Sasin School of Management of Chulalongkorn University in Thailand.
Financial crises, rapid technological advances, shifting competitive advantages, and the pandemic are straining emerging Asian economies.
This punitive action will prompt economies in Asia to enhance their own mechanisms for support in financial crises and, over time, to reduce reliance on the US dollar.
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