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In lots of respects, multinationals are a defining invention of Western economies. But like much else, they’re no longer the protect of the West. The emerging economies are producing enterprise giants of their own at a staggering price. Whereas these businesses share the size and ambition of their developed-world counterparts, their processes and patterns of development are sometimes dissimilar to these of their rivals within the developed world. They are success tales which can be altering the narrative rules as they go along.
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