The Brazilian leader said sustainable growth requires creating jobs, raising incomes and attracting investment in emerging economies,…reports Asian Lite News Desk
Brazilian President Luiz Inacio Lula da Silva has urged the world’s wealthiest nations to increase investment in developing economies, arguing that long term global growth depends on expanding consumer markets across the Global South rather than concentrating wealth in advanced countries.
Speaking at a press conference in Geneva after attending the G7 Summit in France, Lula said regions such as Latin America, Africa, India and China represent the next major frontier for economic expansion and should play a central role in global investment strategies.
The Brazilian leader said sustainable growth requires creating jobs, raising incomes and attracting investment in emerging economies, which would in turn generate new consumers and strengthen demand worldwide.
According to Lula, the international economy cannot continue relying solely on consumption and growth in developed nations. He told reporters that he had delivered the same message to G7 leaders during discussions on economic development, international cooperation and emerging technologies, including artificial intelligence.
Lula argued that richer countries could help stimulate growth in developing regions without undermining their own prosperity. Instead, he said such investment would create new markets for goods, services and technology while supporting a more balanced global economic system.
The president also highlighted the importance of industrialisation in countries rich in critical minerals and rare earth resources, which are increasingly important for modern technologies and the global energy transition.
While welcoming international partnerships and foreign investment, Lula warned against repeating historical models in which developing countries primarily export raw materials without benefiting from wider economic development. He said resource rich nations should be encouraged to develop domestic industries, add value to their exports and secure technology transfers that support long term growth.
Lula stressed that local manufacturing and industrial development are essential if countries are to fully benefit from their natural resources and avoid remaining dependent on commodity exports.
The Brazilian president also addressed issues related to digital governance and online safety. He pointed to measures adopted in Brazil to protect children and teenagers in digital spaces, including restrictions on mobile phone use in schools and regulations aimed at strengthening online safety.
Brazil was among the countries that backed several G7 declarations covering digital protection for minors, international cooperation on cancer research and efforts to combat drug trafficking.
Alongside the summit programme, Lula held bilateral meetings with a number of world leaders and discussed trade and economic cooperation. He welcomed progress in negotiations involving Mercosur, Japan and the European Free Trade Association, describing stronger trade ties as an important part of Brazil’s broader economic strategy.
The president said expanding international partnerships and encouraging more inclusive growth remained key priorities for Brazil, adding that greater investment in developing economies could help create a more balanced and sustainable global economic order.
Lula’s remarks reflect Brazil’s continued push to amplify the voice of developing nations in international forums and to promote policies aimed at reducing economic disparities between wealthier and emerging economies.
