[justrealist]

Fleetingly few places that have both the demographics and the institutional stability to capitalize on demographic growth though.

Maybe a couple places in Latin America, but those countries have a habit of electing the wrong autocrat and utterly collapsing.

[cpursley]

Those are certainly big factors but don't underestimate their future potential. There's some big mega projects happening in Egypt that most people in the west are not even aware of, for example. I think Mexico is the really interesting one to keep an eye on as the world bifurcates (huge near-shoring manufacturing potential).