|
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.
|