In recent years, emerging markets have come to represent the largest share of global GDP and have made gains in economic development and political influence. In turn, emerging market companies have taken on a new level of importance in driving innovation, local development and global...

"For two centuries since the industrial revolution, technological and other breakthrough innovations occurred in industrialized Europe and North America, and then diffused to other parts of the world. After World War 2, a few other countries, such as Japan and South Korea, joined the exclusive...