Even before the failure to contain COVID 19, China had been growing more isolated from the rest of the world. This was at a cultural and diplomatic level despite maintaining its dependence on foreign economies. Now as China has moved down the path of hostility, other nations and regions have a chance to knock the modern titan of industry off its throne. It is unlikely that all of the possible gains will fall to one region or nation, and this means that the benefits can be spread across the world. A possible era is starting.
India is a growing power in the world. While China was the star of the late 20th century and the early 21st the nation has experienced large amounts of changes. Despite some ventures into negative communism in some parts, it has managed to improve itself. A large amount of medical equipment is already made in India, and other support services continue to find their way to the nation. Bangladesh also, to a lesser extent, has managed to capture manufacturing markets although prices and conditions have remained bad for the country. Both of these partners already have the capabilities they just need to reach out and seize them.
Pakistan and the Middle East is a significant concern for India and has always been. However increasingly India has moved to side with Western and Asian partners against China. Nations that had been unwilling to be seen to take a side in the rivalry are increasingly willing to side with India as Pakistan frequently sides with and supports the Chinese government. With some more diplomatic agreements, India could be seen as a trusted partner to do business with and still benefit from the globalised economy that is under threat. Bangladesh sits at a crossroad where it needs to work out if the Chinese money is worth the control and influence that will come with it. Both nations strategic choices will impact how much they can benefit from this opportunity.
During and since the fall of Communism Eastern Europe has been in almost of a state of depression. Despite some notable exceptions it has not seen the full benefits of the market due to China seizing a large amount of the possible industry that would have helped. Even members of the common market political system have not seen the benefits as Germany has managed to keep most of the industry and also get the growth that has been seen in Europe. France with protectionism always in its backpocked has managed to preserve its gains but has been unwilling to let industry move to the East.
This however does not mean that people from Eastern Europe have not taken but in industrial work. Instead of letting firms move to those nations the EU supports the movement of people away from their home nations. Brain drain has also been encouraged with the best and brightest encouraged to move away. A reversal of this is possible if the EU systems are changed or the environment in the Western nations also changes. A free UK could also have benefited Eastern Europe if the EU allowed individual trade agreements. Unfortunately at the moment most of the potential gains for Eastern Europe will not be deiced in the East but in Brussels and Berlin.
A growing number of African nations are recovering from post colonial troubles. Nigeria and Ethiopia are two demonstrations of this. While investment is at the moment small if new locations are sort the undeveloped nations may suit. Stability while still, a problem on the continent is getting better with more sophisticated methods to assist. While South Africa historically would have seen most of the investment at the current moment, it is increasingly demonstrating itself as unsuitable due to internal issues. A growing number of Westerners and firms are viewing Africa with more nuance and complicated view. This means that events across an entire continent are impacting responsible nations less.
Instability remains a problem, however. Corruption and weak institutions remain concerns that check potential. The moves towards China also threaten this growth. Crippling loans have long been an issue, yet China backs up this predatory practice with more force. A bedrock foundation of finical responsibility is going to be required for the nations to thrive. Rejecting prevalent Marxist causes that have seen South Africa ruined is essential for it to be seized.
Diversified Middle East/Arabia:
Despite the story of the region in the late 20th and 21st being grim and full of issues great potential exists. An insane amount of capital exists from the oil that has been sold. Despite corruption being a concern, many of the nations realise that reliance on oil is not sustainable as many countries move away from it. The record low oil prices are also something that has provided recent encouragement for the nations to look at what can be achieved. Projects are already receiving immense funding to try and get something started with mega projects, a common element of positive discussions.
Instability is one of the biggest problems in the region. Unlike in Africa, there has been a failure at every single level for this to be brought under control. The actions of states to each other are more hostile to each other than many other regions to the modern day. This has the potential to send the entire region into chaos and cut off the fuel that the economies run on.
The West Itself:
This is perhaps the most surprising regions. This includes North America and Western Europe. Modern manufacturing now requires fewer humans than ever before. High labour costs that saw many firms move away from the West is becoming a less severe problem when compared to transport costs. Industry has often been on the edge of technology and the education that is required to keep modern factories going has risen. This places the West back to a competitive advantage compared to even the other locations that have been detailed here.
A common problem has been the West unwilling to focus on how China has manipulated its currency and laws. The West needs to recognise hostile forces that seek to hurt the economies. Another concern is the growing anti business movements that can be seen across the world. Political parties are willing to sacrifice the economy for numerous goals. The West cannot afford to get lost in its idealism as competition continues to rise.