Global Playboys.net

According to The Economist companies from former developing countries are growing more important and go out to compete head on head with established multinationals from industrialized countries.

The sheer size of the consumer markets now opening up in emerging economies, especially in India and China, and their rapid growth rates, will shift the balance of business activity far more than the earlier rise of less populous economies such as Japan and South Korea and their handful of “new champions” that seemed to threaten the old order at the time.

Read the full article.

WSJ has an interesting article and video about a visit at Chery Automobile, China’s largest car producer. Interesting detail: In 2003 they hired an Austrian engineering company to help them develop their new internal combustion engine.Link