As tariffs and geopolitical turbulence batter global trade, the head of the world’s largest development institution says the biggest emerging market opportunities barely depend on global trade at all.
In an interview published on Monday with Indian entrepreneur podcaster Nikhil Kamath, World Bank President Ajay Banga — the former Mastercard CEO who now oversees what he describes as “$120-odd billion that gets put into the marketplace every year” laid out five sectors he believes will drive growth across the developing world.
The Five Sectors
Infrastructure anchors Banga’s list — roads, bridges, airports, power, and water as the base on which everything else is built. Smallholder agriculture is second, focused on keeping farmers productive and on their land rather than fuelling urban migration. Primary healthcare is third, built around technology-enabled local clinics connecting communities to remote doctors.
Tourism is fourth — Banga sees a vast gap between what many developing economies have to offer and how few visitors they actually attract.
Value-added …
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