Last month Hanson Transmissions International, a maker of gearboxes for wind turbines, was listed on the London Stock Exchange. Nothing noteworthy about that, you might say, despite the jump in the share price on the first day of trading and the handsome gain since: green technology is all the rage, is it not But Hanson exemplifies another trend too, which should prove every bit as durable: the rise of multinational companies from emerging economies. Its parent is Suzlon, an Indian firm that began life as a textile manufacturer but is now among the world’s five leading makers of wind turbines. Along the way, Suzlon has acquired not only Hanson, originally Belgian, but also REpower, a German wind-energy firm, spending over $ 2 billion on the pair.
The world is now replete with Suzlons: global companies from emerging economies buying businesses in rich countries as well as in poorer places. Another Indian company, Tata Motors, looks likely to add to the list soon, by
A. It’s a multinational company characterized by green technology.
B. It was originally a Belgian company acquired by an Indian firm.
C. It’s an example of emerging economies buying businesses in rich countries.
D. The parent of the company started from a business in wind energy.
Last month Hanson Transmissions International, a maker of gearboxes for wind turbines, was listed on the London Stock Exchange. Nothing noteworthy about that, you might say, despite the jump in the share price on the first day of trading and the handsome gain since: green technology is all the rage, is it not But Hanson exemplifies another trend too, which should prove every bit as durable: the rise of multinational companies from emerging economies. Its parent is Suzlon, an Indian firm that began life as a textile manufacturer but is now among the world’s five leading makers of wind turbines. Along the way, Suzlon has acquired not only Hanson, originally Belgian, but also REpower, a German wind-energy firm, spending over $ 2 billion on the pair.
The world is now replete with Suzlons: global companies from emerging economies buying businesses in rich countries as well as in poorer places. Another Indian company, Tata Motors, looks likely to add to the list soon, by
A. the acquisition by Tata Motors is different from that of Suzlons.
B. Indian companies are developing so fast that others can’t compare with them.
C. traditional economic theory doesn’t work in explaining the shift in economic power.
D. it’s hard to explain why there has been a shift in economic power.
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