The Global North and South Need a New Industrial Pact - News Summed Up

The Global North and South Need a New Industrial Pact


As the world economy fractures into “West” and “East,” the race for the Global South is on. Decoupling is reconfiguring supply chains, and the Global South wants a part of these new global industrial policies. Infrastructure – digital, energy, roads, and ports – remains a huge need in the Global South. North and South need to explore interoperability and a body of common standards that will enable connectivity. The G-7 has an opportunity in 2025 to deepen linkages with the Global South via supply chains in a North-South Industrial Policy Pact.


Source: The North Africa Journal November 22, 2024 14:58 UTC



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