The allure of emerging markets has grown stronger in recent years as companies seek to capitalize on new business opportunities in burgeoning commercial centers in Latin America, Asia, and Africa. Indeed, the rate of economic growth in emerging markets over the past fifteen years has been twice that of advanced countries – a trend that CEOs ignore at their peril.1 Along with these opportunities comes an ever-shifting array of challenges associated with doing business in developing economies, including regulatory uncertainty, reduced transparency, and rapid economic, political, and social transformation.
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