“A UNIDO policy brief from April 2025 identifies many obstacles to industrialisation in the Global South, including deficits in infrastructure, limited technological and scientific capacity, a lack of highly trained workers, and weak logistical networks, including digital infrastructure. the reconfiguration of global value chains, the energy transition, and demographic changes.”
But what was rarely mentioned was its global debt as a reason and the impact of China in assisting development through cheap and low-cost loans.
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