South-south cooperation has a growing influence on investment flows around the world. Sub-Saharan Africa is at the forefront of this development, with several countries attracting billions of dollars from flourishing Asian economies, particularly China and India. Trade is skyrocketing between both continents – with an expanding share of industrial and consumer goods, not just commodities.
Also in the magazine: The trend of “Frugal Engineering,” analyzing how product design for emerging markets offers new inspiration and new threats for developed economies. U.S. researchers showcase how globalization and the ascent of emerging markets help to reduce global poverty.
The issue also includes an exclusive interview with investment guru Mark Mobius, a pioneer of investments in developing markets. He offers his point of view on hot money flows, inflationary pressures, and the prospects for Southeast Asia in 2011-12.