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Picking Winners by Francis Tay

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In this day and age, it is not possible to discuss the topic of markets without making a reference to globalization. It was only a couple of decades ago, when multinationals (MNCs) and transnational companies (TNCs), characterised by their large size and resources, dominated the global economic landscape. The difference between an MNC and TNC lay mainly in the location of the mind and management of the business, with MNCs having a more centralized (home country) management whilst TNCs had a more decentralized (regional) management approach.

Notwithstanding the approach to globalization, they drove economic development in developing and emerging ...

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