Emerge, splurge, purge
March 14, 2014 11:48 AM Subscribe
Western firms have piled into emerging markets in the past 20 years. Now comes the reckoning
Although the average company has prospered, there have been disasters; plenty of firms and some whole industries need a rethink. The emerging-market rush may end up like a giant version of the first internet boom 15 years ago. The broad thrust was right but some big mistakes were made.
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