Top managers consider investing more in Turkey
Posted by meb at January 25th, 2007
The world’s prominent chief executive officers (CEOs) are strongly considering expanding their businesses in developing countries including Turkey, Mexico, Indonesia, Vietnam and South Korea, said PricewaterhouseCoopers (PwC), the global auditing, tax and consultancy company. The 10th Annual Global CEO Survey, administered by PwC, suggested that managers are expecting the economies of Brazil, Russia, India and China, already well-known for the opportunities they offer, to grow larger this year. But the countries that steer the world economy are looking seriously at five developing markets, as indicated by the survey.
While 75 percent of the CEOs claimed globalization is profitable and beneficial for both developing and developed countries, they ranked growth in existing markets with existing products as well as expansion of sales into new markets, as the most important opportunities before them. Most of the CEOs are cautiously hopeful about financing the growth they are planning. Some 80 percent of top managers indicated that they prefer cash flow from within their company, while only 20 percent said they will turn to the stock exchange. The most negative issue on the CEOs agenda is global warming.
Source: Today’s Zaman İstanbul
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