Arab Today, arab today emerging companies to shape global economy
Last Updated : GMT 12:09:01
Arab Today, arab today
Arab Today, arab today

Emerging companies to shape global economy

Arab Today, arab today

Arab Today, arab today Emerging companies to shape global economy

Paris - AFP

Top companies from emerging markets are riding the rapid growth of their regions and will shape the global economy over the next decade, a study said on Tuesday. The top 100 fast-globalising companies from rapidly developing economies are outpacing their rivals from developed economies in terms of expansion, job creation and productivity, said the Boston Consulting Group (BCG) study. These companies, which it called global challengers, grew at an annual average of 16 percent from 2008 through 2011, four times the rate of their competitors in developed countries. Their average revenue hit $26.5 billion (20 billion euros) in 2011, compared to $21 billion for the non-financial companies listed on the S&P 500 stock index. \"Global challengers are full-fledged competitors making game-changing moves,\" said the study. \"They are the companies that will shape the global economy over the next decade\" including in industries such as aircraft manufacturing, medical devices, mobile telephony and e-commerce. These companies have benefited, and are in a position to continue to do so, from the fact that emerging markets have become the world\'s economic engine with growing numbers of consumers with disposable income. While these global challengers are increasingly being seen as competitors by Western multinationals, the western companies often stand to gain from partnerships, BCG said in the report entitled \"Allies and Adversaries\". \"The battle is being played out foremost in other emerging countries,\" Olivier Scalabre of BCG told AFP. Chinese and Indian companies are rapidly pushing into Africa, Latin America and Southeast Asia, he said. \"It is their top priority because that is where 90 percent of global economic growth is located,\" said Scalabre. Chinese and Indian companies dominate BCG\'s challenger list, but this dominance has gradually declined during the seven years in which the list has been compiled. The list now features companies from 17 emerging nations, seven more than in 2006. The list includes companies such as Brazil aircraft manufacturer Embraer, Chinese mobile telephone makers Huawei and ZTE, Indian pharma groups Dr Reddy\'s and Sun Pharmaceuticals, Indonesia\'s Golden Agri-Resources, Malaysian oil and gas company Petronas, Mexican mobile telephone operator America Movil, Russia\'s Gazprom, and Thai energy company PTT, and Turkish Airlines. But the companies on the list have no guarantee of success, and run the risk of being knocked off by newcomers, BCG said. Only seven companies have graduated upwards and off the list in seven years, including UAE\'s Emirates airline, Mexican cement producer Cemex, and mining companies Vale of Brazil and AngloAmerican of South Africa. Indonesian agribusiness group Wilmar International, Saudi oil giant Aramco, and SAB Miller of South Africa also graduated from challenger status. A separate study by HSBC bank found that Western nations had largely failed to capitalise on the rise of the top emerging country China. Countries which supply China have benefited most from its growth, while \"Western nations, faced with internal discord, have failed to grab the opportunity,\" the bank said. Industrial exporters to China such as South Korea, Malaysia and Singapore have shared in China\'s rise, as have commodities suppliers like Australia, Chile, Kazakhstan and Saudi Arabia, said HSBC.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today emerging companies to shape global economy Arab Today, arab today emerging companies to shape global economy

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday