Infrastructure is a word on everyone’s lips and this latest edition of High Growth Markets takes a closer look at how Latin America is financing its transport, utilities and energy backbone, including an Andes tunnel that promises to be as significant for trade as the Panama Canal. Amidst growing excitement over the economic prospects for Africa, another article charts the role of private equity in this region. Our feature on Nigeria finds a country hungry for change – and for consumer goods. In our feature on South East Asia, we examine what the new AEC trade zone might do for the fortunes of the 10 member states. And finally, the esteemed guest contributor Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School, states the case for a strong, regulated shadow banking system.