MOSCOW, April 30 (RIA Novosti) - The global market will undergo a significant shift in the next 15 years as a result of the increase in the number of companies entering foreign markets from emerging economies, PricewaterhouseCoopers (PwC) revealed in one of its latest press releases.
PwC said globalization and the information technology revolution are the main driving forces behind the increase in the number of multinational companies from emerging economies.
At the present moment, Russia has a small number of multinational companies. PwC experts forecast that activity of Russian companies abroad will recover as a result of an expected growth in the country's GDP and an increase in foreign investment. Some 930 Russian companies are expected to start operating outside the country between 2010 and 2024.
The release said India is expected to produce the most new multinational companies, overtaking China as potentially the emerging world's largest source of new multinationals.
PwC forecasts an increase in the number of companies from emerging economies operating in the business services and high value manufacturing sectors and a drop in the number operating in the natural resource extraction industries.
PwC forecasts increase in new multinationals from emerging economies
© RIA Novosti . Alexei Nikolskiy
/ Subscribe
The global market will undergo a significant shift in the next 15 years as a result of the increase in the number of companies entering foreign markets from emerging economies, PricewaterhouseCoopers (PwC) revealed in one of its latest press releases.
