The global south is experiencing a significant shift, with countries like Asia, Africa, and Latin America gaining more influence in global trade, specifically in textiles and apparel.
As tension rises between the US and China, nations like India, Indonesia, Brazil, Egypt, and Ethiopia are emerging as key players in the global economy. According to Kearney’s report, the collective growth of these “middle powers” gives them increasing sway over international markets.Experts suggest that these nations are reaching a critical moment of influence, driven by a convergence of economic, political and global shifts.