While the developed world faces slower growth, the emerging markets offer:
- Low-cost, increasingly skilled labor
- Increasingly prosperous consumers
- New growth market
The emerging market represented 5% of the Fortune Global 500 in the year 2000; by 2025, McKinsey predicts this will increase to 45%. As this number jumps from 24 to 230, 120 are predicted to be in China, while the other 110 will be in other emerging market countries. Primarily, there are five cities that will become hubs in the emerging market’s global industry networks: Beijing, Moscow, Hong Kong, Taipei, and Singapore.
How does a company balance mature vs. emerging markets?
Where will your global growth come from?
