Monday, May 28, 2007

Cos. look outside developing countries: World Bank

(Reuters) - With growth in developing countries like China and India outpacing that of wealthy nations, the new phenomenon of corporate globalization is likely to intensify in the next few years, the bank's annual Global Development Finance report said.




"This is shifting the whole landscape of emerging market finance from a sovereign-based framework to corporate based," the report's main author, Mansoor Dailami, told Reuters.


Read more at Reuters.com Business News

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