Competing in challenging times- Executive Summary
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Publisher's Description
The process of globalization is entering a new stage. Globalization traditionally involved business expanding out from developed economies to emerging economies. Today, however, the process flows in both directions and emerging economies are now gaining ground on the developed countries. Presently,emerging countries account for 49% of the world’s GDP, 10% more than in 1990. In fact, experts say they will likely overtake developed countries over the next two decades. These emerging economies are rapidly gaining importance on the world stage in aspects as diverse as investments, natural resources, and even talent development. The growing recognition of these countries is evidenced by the G8 inviting Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and South Korea to attend its recent summits. Meanwhile, the world is immersed in a period of major changes and uncertainty that could forever change the process of globalization as we have known it up until now. The crisis situation has accentuated the trend toward State intervention.
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Categories
business
Tags
animals & pets / news & politics / economy / globalization / "multipolar / emerging countries / changes
Language
English
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