The parlance objectified by transient market analysts has, of recent times, swung on a centrifugal point which leers on the catastrophic – a romantic lingua franca of perpetual torture reminiscent of a certain few chapters of the book of Revelations. The verbiage – a constant outpour of complaint from and amongst analysts and columnists alike – bodes ill for markets, the infection of negativity chewing through red figures and providing formless and antiquated pessimism for all to digest. The global pandemic of servitude which haunts markets is in need firstly of isolation, and secondly of reappraisal.
To a large extent, those economies sitting in surplus are just as guilty of mismanagement as those in deficit. In Europe, Greece has largely been made a scapegoat by many national leaders approaching election dates, most of whom of course must strike a cord with their own constituents. Herald the valiant leader. Before the crash, Greece was riding a wave of optimism based on projected earnings that could never be fulfilled. But Angela Merkel and her finance team in their ivory tower must also be held to account for offering loans that can and most likely will default an entire nation. And who can blame the Greeks for reaching for the golden egg? When offered loans without substantive credit checks based on unsubstantiated rates of return, their government jumped at such a preposterous and gracious offer. Essentially, the borrowing that has pervaded EU relations over the last twenty years has been comparable to the subprime episode which tore through the great American capitalist ideology.
The main problem for the US at a time when swift and effective recovery is needed is perhaps the obstacles within the Senate: similar to the Greek problem, senators feel forced to weigh in on behalf of their constituents, essentially making pulling a lip service. However as George Soros recently brought up at a conference in London, what exactly do the greater majority of senators know about the intricacies of building a stable long term economic system? If regulation is the answer, then surely the reigns must be handed over to the Federal Reserve.
Amongst the grumblings between senior government and financial operation officials, there have been muted requests from those who feel most obliged to defend themselves to eradicate Greece from the Eurozone altogether. The very idea of shifting Europe’s borders dismantles the very architecture of the union’s principles which would result in the failure of the euro and a step back fifteen years for the remaining nations. The problem, it would seem, is that there are too many disenfranchised voices amassing a cacophony of interpretations of what form of regulation seems justifiable and impartial. Surely, if the answer lies in a regulator stepping in with an iron fisted approach, the ECB should be handed power of prerogative and decisive action.
Another option is to revisit Keynes and as pure a form of free market economics as possible. Although many fear for a return to the recent malnutrition afforded investors that caused global credit defaults, a large regulatory intervention could have pyroclastic repercussions for both long and short term development on a national and international stage. The key to a successful and sustainable market is consistency and stability. This can only be found by allowing markets to find their own grounding point, their own levels amongst international machinations. Toward this goal of stimulus and prosperity, one finds the modus operandi for the World Finance Future 50. As industries return to a steady ascent amongst many of the emerging and larger market economies, the editorial board decided to research and testify for those up and coming companies and institutions who have helped to reshape markets, redefine stock policy and distribution, and help trading return to an equitable and transient position.
The board selected the list based on several key factors, amongst which were: a commitment to high growth; leadership within their chosen industry; and their perceived ability to justify a larger share of the market in the months and years to come.
World Finance Future 50, 2010
As chosen by the editorial board. The listing is ranked in no particluar order.
1 Aban Offshore Ltd
2 America Movil
3 Lenovo Group
4 MSCI
5 Vextec
6 Vita Genomics
7 Research In Motion
8 WorleyParsons
9 Algotech
10 Navita Systems
11 British Virgin Islands International Finance Centre
12 Japti
13 Arshiya International Limited
14 International Business Wales
15 Mobiserve Holding
16 Infosys
17 Kosmetik Chile
18 Turk Telekom
19 Cemex
20 Posco
21 Yue Yuen Industrial Holdings
22 MISC Berhad
23 Sasol
24 Localiza rent a car
25 TOTVS S.A.
26 Curiox Biosystems
27 Eclerx Services
28 Polaris Software Lab
29 TEXON Recruitment
30 Multiplan
31 Ripley Corp
32 Embraer
33 Mexichem
34 Marcopolo SA
35 Suek
36 Trimex Group
37 Boodai Corporation
38 Asiana
39 e o Networks
40 Novaled
41 Snom Technology
42 Nav n Go
43 Orascom Construction
44 EL Forge
45 Moldova Agroindbank
46 ITCE
47 VIP Commercial Services
48 Alpargatas SAIC
49 Sopraval
50 Metalurgica Duque
