Government-driven strategies: Enterprise development

Governments can be active in adopting pro-growth initiatives to spur economic development. Much private enterprise depends on an increasingly modern infrastructure, including transportation facilities; Internet and telecom availability; dependable power sources; and sanitation services. Governments can stimulate development through financial subsidies, without running afoul of trade agreements.
  • Emerging markets have become crucial in the global R&D arena, especially in pharmaceuticals and medical devices. Declining revenues in home markets and the potential of emerging markets is prompting multinational pharmaceutical companies to move R&D offshore.

  • Several countries, such as Chile, are changing legislation relating to clinical pharmaceutical trials to make it easier for MNCs to test new drugs in their populations and thereby enhance domestic research capabilities.
 Highlight: China produces 10 times the iron and steel made in India, has 10 times the mobile-phone connectivity as India, and has 30,000 kilometres of expressways while India has only a few hundred kilometres.
Videos: CEO insights on emerging markets
Get Adobe Flash player