At the World Economic Forum in Davos, Asian leaders emphasized the importance of improving infrastructure, fostering innovation, and increasing investment to narrow the development gap between the Global North and Global South. They highlighted connectivity as a key factor in enabling southern countries to participate more actively in shaping global economic and technological trends.
Discussions focused on how better transport, digital networks, and financial flows can support sustainable growth and integration for developing nations. By strengthening these areas, countries in the Global South can enhance their competitiveness and contribute more significantly to the global economy.
**Why this matters**
Addressing the divide between wealthier northern countries and developing southern nations is critical for global stability and prosperity. Improved connectivity can facilitate trade, knowledge exchange, and innovation, helping to create more inclusive economic opportunities worldwide. This approach aims to foster balanced growth and reduce inequalities on an international scale.
Source: NewsData