The Emerging Markets Century

Then, without realizing it, you try to improve yourself at the start of each new day; of course, you achieve quite a lot in the course of time. Anyone can do this, it costs nothing and is certainly very helpful. Whoever doesn’t know it must learn and find by experience that a quiet conscience makes one strong
~Anne Frank

There is a common agreement that the First World produce high tech, high skill work while the Third World produce low tech, labour intensive work. Antoine Van Agtmael propose that the situation has changed for a while; in The Emerging Markets Century: How a new breed of World-Class Companies is Overtaking the World, he collect a series of success histories of 25 companies that produce from appliances to soap operas. They are not only successful, but also global-class firms that buried the over-complacent idea that technology flows from North to South.

The countries listed include:

Argentina (Tenaris)
Brazil (Embraer, CVRD, Aracruz, Petrobras)
Chile (Concha y Toro)
China (Lenovo, Haier)
India (Infosys, Ranbaxy, Reliance)
Korea (Samsung Electronics, Hyundai Motor, Hyundai Heavy, Postco)
Malasya (MISC)
Mexico (Cemex, Grupo Modelo, Televisa, Telmex)
South Africa (Sasol)
Taiwan (TSMC, Hon Hai, High Tech, Yue Yuen)

These companies continue to grow in the international markets, and not by relying in protection at home -that is impossible while abroad- but by engaging in international markets. Poverty is beaten while each individual takes himself out of it.


One Response to The Emerging Markets Century

  1. […] Professor Michael Porter uses the three approaches in formulating his competitiveness model. For Porter, the key question is why some firms in some nations achieve international success while others fail. He analyses why some industries tend to form clusters (Hollywood, Silicon Valley in USA; Bay Street, Ottawa Valley in Canada) and he conclude that nations do not compete between them, rather, it is the firms within a country than must be competitive. […]

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