Thailand Builds a Bond Market
Developing a local-currency bond market tops the agenda of many emerging economies intent on financial reform. The reasons are clear: a deep and liquid bond market provides an alternative to bank credit and thus helps to create a more competitive financial sector and to lower the cost of borrowing. And bonds tend to have longer maturities than bank loans in these economies, thereby reducing the … [ Read more ]
Content: Article | Author: Tobias Hoschka | Source: McKinsey Quarterly | Subjects: Economics, Finance | Industry: Finance / Banking
India – From Emerging to Surging
India’s gross domestic product is growing by an impressive 6 percent a year. But research by the McKinsey Global Institute has uncovered three barriers preventing the country’s GDP from growing even faster: myriad regulations governing products and markets, distortions in the market for land, and widespread government ownership of business. Thirteen policy measures could remove these barriers, allowing the economy to grow by 10 percent … [ Read more ]
Content: Article | Authors: Amadeo M. Di Lodovico, Shirish Sankhe, Vincent Palmade, William W. Lewis | Source: McKinsey Quarterly | Subjects: Economics, International – Asia
International Market Comparisons: Depth and Liquidity
All in the Familia
Family-owned businesses are the backbone of the economies of Latin America and of most other emerging markets. But many such businesses are finding it hard to compete with the global scale, focused strategies, cutting-edge management practices, and deep pockets of multinational companies. The take-away: To survive and thrive, family-owned businesses need governance models that can prevent family squabbles from spilling over into the business while … [ Read more ]
Content: Article | Authors: Heinz-Peter Elstrodt, Jose M. Barra, Luis F. Andrade | Source: McKinsey Quarterly | Subject: International – Americas
Broadband Media: Look Before You Leap
The bad news: broadband’s technology, infrastructure, and economics are still inadequate. The good news: broadcasters are far more secure from attack than they were at the dawn of the World Wide Web.
Content: Article | Authors: Michael A. Gatzke, Scott A. Christofferson | Source: McKinsey Quarterly | Subject: Industry Specific | Industry: Entertainment / Media
What Happened to the Bull Market?
By the time NASDAQ reached its peak in the recent bull market, many financial commentators had begun to accept the idea that stock market valuations were no longer driven solely by the traditional economic factors: earnings growth, inflation, and interest rates. Instead, they suggested, new factors—such as structural changes in the economy, new rules of economics, and the value of intangible assets and brands—justified the … [ Read more ]
Content: Article | Authors: Tim Koller, Zane D. Williams | Source: McKinsey Quarterly | Subjects: Economics, Market/Investment | Industry: Investment Banking
Corporate Reform in the Developing World
Advocates of more effective corporate governance have been focusing on corporate reform at the expense of institutional reform. Now is the time to change tactics.
Content: Article | Authors: Mark Watson, Paul Coombes | Source: McKinsey Quarterly | Subjects: Corporate Governance, International
The Publishing/Advertising Market Landscape by Channel
The Changing Pattern of Internet Traffic
Internet services: Who’s smiling now?
Traditional information technology players such as AT&T, IBM, and EDS are moving back into the driver’s seat.
Content: Article | Authors: François Lainée, Gregory Maged, Paul J. Roche | Source: McKinsey Quarterly | Subject: IT / Technology / E-Business | Industry: Information Technology
Why Mergers Fail
A failure to focus on revenue may explain why so many mergers don’t succeed, for while they are in progress, many companies largely ignore it, expecting that it will just keep rolling in. In fact, most companies lose their revenue momentum while concentrating on cost synergies or failing to focus systematically on postmerger growth. Yet in the end, stalled growth hurts a company’s market performance … [ Read more ]
Content: Article | Authors: Anna J. Bogardus, Matthias M. Bekier, Tim Oldham | Source: McKinsey Quarterly
Internet Hosting and Content Distribution Market Forecast
China / World Steel Market
A Comparison of Labor Force Participation Rates
What Do Broadband Consumers Want?
A Comparison of Health Care for Taiwan, China, South Korea, Japan and the U.S.
Broadband’s Latin Future
Disease Management Plans
Think local, organize . . . ?
New evidence suggests that the most popular routes to global success are not always reliable.
Note: written in 1993 so the early part of the article is not of much value – read on toward the bottom for useful tidbits, namely the 11 traits correlated with high performance in international markets
Content: Article | Authors: Amir Mahini, David Ernst, Ingo Theuerkauf | Source: McKinsey Quarterly | Subjects: International, Management