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With a GDP growth of about 4% compared to 2% for the USA. Likewise, China is even experiencing a growth not less than 8% of GDP annually. Emerging economies, like India, China, Brazil and Russia will become more important as a consequence of high growth rates combined with large populations.
These emerging economies are raided by what Harvard’s Dani Rodrik has called “export fetishism”. Meaning, foreign Multinational Enterprises (MNE’s) are trying to tap into these fast growing markets. The Boston Consulting Group (BGC) has identified several domestic firms that are a hit in the home market, not wanting to build out abroad and most importantly, countering foreign MNE’s entering their home market...
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