From pandemic disruptions and supply chain bottlenecks to decades-high inflation and rising interest rates, recent economic and geopolitical shocks have had a profound impact on regional economic systems across the world, with major implications for trade, FDI, and economic development in general.

To thrive under Industry 4.0 and the current economic and geopolitical architecture, a new paradigm is needed for economic development policy and practice. This will involve optimizing economic development tools, frameworks, and practices to accelerate desirable trends that will shape the next normal.

A business journalist and expert in location marketing with more than 20 years of experience, Ms. Fingar is a foremost expert on international investment.