Many emerging-market multinationals
are demonstrating a
surprising ability to surmount
business challenges that developed-world
companies have avoided or given up on.
That knack has opened up avenues for expansion
in regions where established corporations
have struggled to grow, and it
may give emerging multinationals an edge
as they increasingly compete head-to-head
with companies from the developed world.
Do multinationals that were born in
emerging markets hold some hidden stra-