By Jonathan Woetzel, Anu Madgavkar, Jeongmin Seong, James Manyika, Kevin Sneader, Oliver Tonby, Andres Cadena, Rajat Gupta, Acha Leke, Hayoung Kim, and Shishir Gupta
Some emerging economies have grown much faster and more consistently than others. Underlying these success stories is a pro-growth policy agenda and the standout role of large companies. Emerging economies have accounted for almost two-thirds of the world’s GDP growth and more than half of new consumption over the past 15 years. Yet economic performance among individual countries varies substantially. Some emerging economies have managed to achieve strong and consistent growth over a long period. These are the outperformers. What’s the secret to their success?