PwC-Finds-Emerging-Market-Grow-Faster-than-Developed-Countries

"Convergence & Differentiation: What is success in a connected world?" - a new report released by PricewaterhouseCoopers, at World Economic Forum's in the Latin America meeting held at Cancun, reveals that development in the emerging markets is surpassing the growth of the developed countries. CEOs of many companies in the emerging markets all over the world are certain that they will be able to maintain high growth rates financed

from internal sources, than depending on outside investment.

Samuel A. DiPiazza Jr., the Global CEO of PricewaterhouseCoopers said, "The flow of capital, goods and labor among emerging economies is now growing faster than trade between emerging nations and developed countries." The report also reveals that the emerging markets have driven the number of IPOs (Initial Public Offerings) to record levels all over the world, with approximately seventy percent of all Initial Public Offerings in 2007 coming from the emerging nations.

CEOs of numerous companies in emerging markets noticed that a slowdown in the developed world may result in slow commodity exports. CEOs of the emerging markets also feel that government must play a management role in determining strategies to fight global warming. None of the CEOs interviewed for the report opined that access to funds was the real obstacle to growth.

As companies in emerging market become complex and larger, they need to appoint more and more skilled employees, which is a big complication in some growing markets. Approximately ninety percent of the CEOs in the emerging markets opined that "people agenda" was the main priority for them. The report launched by PricewaterhouseCoopers also addresses structural, cultural and business network components of the organization.


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