Category: Industry Sectors
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Merchandise Trade & Shipping: A World Moving Slower—but Thinking Deeper
Global merchandise trade and shipping are entering a phase that looks deceptively calm on the surface but is structurally far more complex beneath. Shipping volumes remain below their long-term trend, not because globalisation has ended, but because it is being re-engineered. After the post-pandemic surge and subsequent correction, firms are…
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Manufacturing’s Two-Speed Reality: Why Global Factories Are Flat While AI Surges Ahead
The global manufacturing landscape in 2025 is marked by an unusual contradiction: factories across major economies remain subdued, while investment in technology, AI hardware, and critical infrastructure is booming. This divergence is not merely cyclical—it represents a structural realignment of industrial priorities that began after the 2008 financial crisis and…
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Productivity Without Jobs: The Paradox of Advanced Manufacturing in Developed Economies
Manufacturing in advanced economies has undergone a profound transformation over the last four decades. Once the backbone of mass employment, it has evolved into a capital-, technology-, and knowledge-intensive sector where output growth is increasingly decoupled from job creation. The experience of developed countries demonstrates a critical paradox: manufacturing productivity…
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The Age of the Two-Speed Industrial Economy
Global industry is entering a structural phase shift rather than a cyclical slowdown. What we are witnessing today is not simply uneven recovery across sectors, but the emergence of a two-speed industrial economy. On one side sits legacy manufacturing—capital-intensive, energy-hungry, and optimized for scale in a world that no longer…
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India’s Microfinance Moment: From Financial Inclusion to Financial Fragility
Microfinance in India was born with moral ambition. It promised to democratise credit, liberate households from moneylenders, and convert the poor into micro-entrepreneurs. In its early decades, the narrative carried the glow of social transformation—small loans, collective responsibility, and women-centric empowerment were presented as antidotes to exclusionary banking. Yet, by…