Developed Companies, Developing Markets
Companies in markets that are traditionally called “developing” are growing so fast in recent years that they are no longer an adjunct to existing tendencies in the world economy, but the mainstream. Boston Consulting Group published a review yesterday of the 100 largest companies in the 14 leading developing markets. Those markets are Argentina, Brazil, Chile, China, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Poland, Russia, Thailand and Turkey.
Russia is represented by six companies: Gazprom, Inter RAO UES, LUKOIL, Norilsk Nickel, Russian Aluminum (Rusal) and Severstal. BCG analysts identified those companies as having fast global growth with dynamic domestic development and an interest in furthering globalization.
The 100 companies on the BCG list are based in developing countries but they have surpassed their competitors in developed countries in a number of indicators for a number of years and represent “corporate islands of globalization” in their national economies. Their activities on the international market are especially indicative. BCG findings show that one of the main growth resources for those businesses is mergers and acquisitions abroad.
The 100 companies are also well diversified, in defiance of the raw materials model of economic development that is basic for them. Only nine of them are based on electricity generation, six of them on ferrous metals and five of them on nonferrous metals. Twelve of them are based on automobile components, and six each on electronics, engineering and consumer goods.
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All the Article in Russian as of Dec. 06, 2007
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