Public companies in developing economies other than the Bric countries (Brazil, Russia, India and China), now account for more than one in 10 of the world’s largest 2,500 groups by market value for the first time.
Analysis by Strategy &, the consultancy firm formerly known as Booz and Company, shows that of the 2,500 largest listed companies, 270 were from other emerging markets such as Mexico, Nigeria and Thailand at the end of 2013.
It marks a decade of consistent growth in the prominence of these groups, which have more than doubled in number in this top ranking since 2004.
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