Deals
Davos Dealmaking Shifts as BRICs Herald New Influence
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The balance of power among dealmakers is shifting, and this year’s World Economic Forum is proof: A record number of executives from emerging markets will attend the Alpine conference, a networking mecca for the global business elite.
About 365 corporate executives from Brazil, Russia, India, China and other emerging nations are slated to gather in Davos, Switzerland, this week. Those countries helped lead the world out of a recession and will drive growth this year, according to the International Monetary Fund, which estimates emerging markets may expand 6.5 percent in 2011, more than double the 2.5 percent rate for developed nations.