Published June 12th, 2006 by Future Atlas
Emerging market champions
The Boston Consulting Group has released a report on 100 emerging-market companies with global competetive potential, according to the Daily Telegraph.
Firms from China (44 companies), India (21), Brazil, and Russia constitute most of the group, with Mexico also making a good showing.
Companies like these will be the shock troops for the redistribution of global economic power. In the process, they will transform their home countries’ global roles and interests.
An emerging market expert points out that the developed world may balk at the process:
“The whole pace of globalisation may have to slow or it could set off a wave of protectionism. So far the West has mostly been losing jobs at the low end, and the process has been mutually beneficial. There is now a big risk of losing jobs at the high end too now that China and India are moving move swiftly up the ladder, as we have already seen in software. This means that incomes in the West may have to adjust downwards, and the workforce is not going to tolerate this.”
[Via Social Technologies; image: Social Technologies]