Even before the recent global downturn, a two-speed world was emerging. Its hallmarks: a slow rate of growth and high per capita income in developed regions such as Europe and North America, and far faster growth in emerging economies with low per capita income, such as China, India and Brazil. Now, after the most significant recession since the 1930s, these divergent growth patterns have become even sharper, with implications for every aspect of a global company’s operations.