When elephants fight, it is the grass that suffers
30. August 2018
Talk of trade tariffs and heightened geopolitical tensions are dominating news headlines recently. As developed economies consider escalating protectionist policies, it’s easy to forget about the situation many emerging markets face.
As outlined in the World Bank’s Global Economic Prospects report released in June this year, protectionist policies would affect emerging market and developing economies (EMDEs) more severely than advanced economies. And this is at a time where increased investment and spending in EMDEs, including in infrastructure, is sorely needed. Infrastructure investment is vital for Africa’s growth prospects, and whilst progress has been made in the continent, much more still needs to be done—from both the public and private sectors.