Asia's multinational trailblazers command a global presence : financial services a growth driver
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<subfield code="a">The pace of growth of major multinational corporations (MNCs) in Asia Pacific is undeniable. Four years ago, 181 Asia Pacific-headquartered MNCs made the Fortune Global 500. It was the first time that these "Asian Trailblazers" outnumbered their peers headquartered in Europe and North America. In 2015, Asia Pacific-headquartered companies accounted for 40% of the Fortune Global 500, while European and North American MNCs comprised only 30% and 28%, respectively (Figure 1). For Asia Pacific MNCs, this represents significant growth from only 24% in 2006.</subfield>
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