1. SEVEN KEY FORCES ARE GLOBALIZING THE WORLD ECONOMY 1. Falling borders 2. Growing cross-border trade and investment 3. The rise of global products and global customers 4. Privatizations

2. 5. New competitors in the world market 6. The rise of global standards of quality and production 7. Growing sophistication of information technology

4. EXHIBIT 1: TOP EMERGING MARKET COMPANIES 1. Korea Electric Power - Korea 2. Telebras - Brazil 3. Telekom Malaysia - Malaysia 4. Cathay Life Insurance - Taiwan 5. Angloamerican - South Africa 6. Telefonos de Mexico - Mexico

5. EXHIBIT 2: STRATEGIES OF HOT ASIAN COMPETITORS F Professionalizing management F Remaining entrepreneurial F Focusing on a core business F Responding to global markets F Going public F Building strategic partnerships

6. THE NEXT GENERATION OF MULTINATIONAL MANAGERS F A global mindset F The ability to work with diverse people F A long range perspective F The ability to manager change and transition