Globalisation: Developed Country and New Champions

Good Essays
A bigger world
Globalisation is entering a new phase, with emerging-market companies now competing furiously against rich-country ones.

GLOBALISATION used to mean, by and large, that business expanded from developed to emerging economies. Now it flows in both directions, and increasingly also from one developing economy to another. Business these days is all about “competing with everyone from everywhere for everything”.

One sign of the times is the growing number of companies from emerging markets that appear in the Fortune 500 rankings of the world’s biggest firms. It now stands at 62, mostly from the so-called BRIC economies of Brazil, Russia, India and China, up from 31 in 2003 (see chart 1), and is set to rise rapidly. On current trends, emerging-market companies will account for one-third of the Fortune list within ten years, predicts Mark Spelman, head of a global think-tank run by Accenture, a consultancy.
There has been a sharp increase in the number of emerging-market companies acquiring established rich-world businesses and brands (see chart 2), starkly demonstrating that “globalisation” is no longer just another word for “Americanisation”. Within the past year, Budweiser, America’s favourite beer, has been bought by a Belgian-Brazilian conglomerate. And several of America’s leading financial institutions avoided bankruptcy only by going cap in hand to the sovereign-wealth funds (state-owned investment funds) of various Arab kingdoms and the Chinese government.

Lean and HungryTop five emerging-market M&AsYear Target Buyer Deal Value $BN | 06 | IncoCanada | Companhia Vale do Rio Doce, Brazil | 18.7 | 06 | Rinker Group AUS | Cemex S.A de CVMexico | 16.7 | 08 | Rio Tinto 12% GB | Alcoa; Aluminum Corp of China US | 14.3 | 06 | Corus Group GB | Tata Group India | 13.0 | 07 | GEPlastics US | Saudi Basic IndustriesCorp, Saudi Arabia | 11.6 |

One example of this seismic shift in global business

You May Also Find These Documents Helpful

  • Powerful Essays

    Globalisation: Countries

    • 20916 Words
    • 84 Pages

    Human Geography – The Globalisation of Economic Activity 1. Uneven Development in the Global Economy * Globalisation * Characteristics * Processes * Impact on the world economy * Uneven global distribution of activities - Illustrate how globalisation has affected the economies of LDCs, DCs and NIEs * NIDL * Causes of the emergence of a new NIDL * Impact of the emergence of NIDL on the global economic activities * Impact of new technologies on work…

    • 20916 Words
    • 84 Pages
    Powerful Essays
  • Good Essays

    Developed Countries

    • 928 Words
    • 3 Pages

    In today's sophisticated society, people of the developing countries are still fighting for their basic rights such as better healthcare, proper education and a sound source of income. While Because the governments of the underdeveloped countries are struggling to improve the living standards of their people, I believe that contributions by richer nations should be more in this regard. Firstly, in the field of healthcare, developed countries can support heunderdeveloped in many ways. They can send…

    • 928 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Developed Countries

    • 830 Words
    • 3 Pages

    Would you like being unable to communicate with others? Would you like being unable to read or write? Some people in the underdeveloped/ developing countries are not able to read nor write. We live in a sophisticated society, where developed countries want better education, better life style, and better healthcare. Whereas in the underdeveloped countries, they want a place where they can express their thoughts, a place where they can hold a pencil and place where they can learn about who they are.…

    • 830 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Disadvantages Of The Economics Globalisation For Developed and Developing Countries. According to Goyal (2006), the globalisation of economics is an integration of economic factors between countries around the world through cross-border movement of capitals, labours, goods and services from one country to another country. Consequently, it gives an impact for involved countries, which are not only a benefit but also a detriment. While it may be true that the globalisation of economics gives more advantages…

    • 717 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    What are the trends in the mobile handset industry? What is Nokia's strategy and how has globalisation changed its way of operation? Where is the market for mobile handsets? In the developed markets? In the emerging economies? What is the nature of demand in these markets? What kinds of handsets do people want? What are the costs of manufacturing? How can these costs be reduced? Has globalisation shifted economic activity between and within regions? In what way? Look up a concept called…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Many developed countries are paying increasing attention to the needs of the disadvantaged. How far is this true in Singapore? * In May 2011, Prime Minister Mr Lee realized the government's need to "lend a hand to those hurt by globalisation and technological changes that have, among other things, widened the gap between the rich and the poor" * The government is not only focusing on monetary assistance programmes, but also a sense of reassurance, concern and empathy. * Government also…

    • 1738 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    and India Introduction Developing country means the countries compared with the developed countries have lower degree of development of the economic and social aspects. Developing countries have a vast territory, large population, vast market and rich natural resources. There are many strategic places, in terms of economic, trade, or from the military, occupied an important strategic position. China is the largest developing country. Developed country Refers to a higher level of economic development…

    • 1608 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Organization Culture May Abd-El-Hady Contemporary Management 2/17/2012 Globalization Kofi Annan once said: - Globalization is a fact of life, but I believe that we have underestimated its fragility”. Globalization is a new term that has found a significant place in the lives of the people, what is globalization? How can we feel its effect on our everyday’s life? What are its pros and cons? What’s its effect on companies SWOT analysis? All of this questions will be discussed throughout…

    • 3336 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Less Developed Countries

    • 1549 Words
    • 7 Pages

    Less Developed Countries, Poverty and Challenges to “Development” Jacqueline Yust Pittsburg State University World Regional Geography Dr. C. Hooey June 19, 2013 Many countries today face overwhelming political, cultural, economical and geographical challenges that lead to poor development. The world 's poorest countries are referred to as less developed countries (LDCs). Today, there are 48 countries that are designated by the United Nations as the world 's least developed countries, but…

    • 1549 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Least Developed Countries

    • 37156 Words
    • 149 Pages

    O P M E N T Export competitiveness and development in LDCs policies, issues and priorities for least developed countries for action during and beyond UNCTAD XII UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Export competitiveness and development in LDCs: policies, issues and priorities for least developed countries for action during and beyond UNCTAD XII UNITED NATIONS New York and Geneva, 2008 Note • • Symbols of United Nations documents are composed of capital letters…

    • 37156 Words
    • 149 Pages
    Powerful Essays