This Great Graphic is from The Economist. There are several ways to understand it. It may suggest how some small economies can be dominated by a single company, such as Finland's Nokia and Taiwan's Hon Hai It may also draw attention to where a company chooses to be domiciled, locate headquarters, such as Arcelor Mittal. In part, this is a function of the quest for economies of scale and globalization.
Where a company is domiciled is necessary but insufficient information to understand its role in a country's economy. Often much of the value-added work is done elsewhere. The share of the nation's taxes, or employment accounted for by these companies do not appear to be well correlated with revenues as a share GDP.
Great Graphic: Big Companies Domiciled in Small Economies
Reviewed by Marc Chandler
on
August 26, 2012
Rating:
Reviewed by Marc Chandler
on
August 26, 2012
Rating:
