One of the major trends in the ranking of the 100 largest companies in the world along with the reinforcement of the American rule is the rise of Chinese enterprises. In 1993 -the first year in which data of Bloomberg’s capitalizations list – there were only two Chinese companies (based in Hong Kong, of course) in the list and now there are 11 companies. The crisis has taken its toll on the performance of the Asian giant with the same number of companies in 2007, although the market this summer prick has made several posts recede. Among the 20 largest companies in the world include Industrial & Commercial Bank of China, PetroChina, China Mobile and Alibaba. The Asian e-commerce giant went public in September 2014 and it is the 18th company in the world by titration.
Unlike the resistance of Chinese corporations, many companies from developing countries have lost their position in the top 100 list companies. In countries like Mexico, Brazil and India, there are large companies which eight years ago where battling for the top position, but none are like the Chinese. In any case, I would say that the effect of China is mainly because they have a protected domestic market in which they are very large.
Biggest 100 Corporations in the World
Emerging countries performance
For his part, needs to be highlighted the impact that the fall of raw materials has had in valuing companies in emerging countries; In Latin America the downward cycle of commodities has hindered those multinationals such as Vale or Petrobras who had grown heat demand of China. In defence of some of these companies, it has to be said that the method of calculating the value of the company benefits some sectors while disserve others. The method that can be combined would take into account the level of sales, clients, new technologies used, etc.
US dominance and the emergence of China in the ranking of the 100 largest companies in the world by market contrasts with the stagnation, if not crisis, Japanese and European corporations. Japan was the leading economy of this list in 1993, was the most valuable company -Nippon Telephone & Telegraph-, seven of the 10 largest companies were based in the island, and accumulated a total of 24 companies among the top 100. Currently, Japan only has four representatives and the club to find his first company (Toyota) you go down to the post 20. For its part, Europe has greatly diluted its weight since the crisis erupted UK has increased from 9 to 12 representatives; the presence of German companies has fallen from seven to five; Italy, which in 2007 added three members on the list, now has none; while France has four.
Between the late 70s and early 80s a change of economic paradigm linked to the scanning occurs, which has important ramifications for microelectronics, telecommunications, information technology and biotechnology. The bulk of that revolution it has thrived in the USA. Weight loss of European and Japanese companies should, in addition to the loss of technological leadership, slower growth and growth potential of their economies.
In the case of Spanish companies progression has been cut. In 1993 no Spanish company was among the 100 largest in the world by capitalization. In 2000, just before the bursting of the tech bubble, there was one Spanish corporation in the list (Telefónica). The intense process of internationalization of domestic enterprises was reflected in its share price and in 2007, just before the recession took place, there were up to four Spanish groups (Telefónica, Banco Santander, BBVA and Iberdrola) in the listing. However, to do a review of the current classification set only two Spanish names, Inditex (56) and Banco Santander (98). Telefónica has fallen to 146, BBVA and Iberdrola to 183 to 229. It is in any case quite remarkable ascension of Inditex, because in just eight years, the textile group has climbed from position 316 to 56, topping the capitalization of companies like McDonald’s, Nike, L’Oreal, LVMH, Bayer and BP, among others.