Emerging multinationals from Russia (AO VimpelCom), India (Arcelor Mittal and ICICI Bank), Dubai (Dubai Holding Co), Mexico (Grupo Televisa SAB) and Indonesia (Lippo Group) show they have much in common that pose a disruptive competitive threat to existing Western companies new business models, low costs and high margins, openness to the best and latest technologies and ideas, an innate cultural diversity and the hunger of the young to succeed.

FORBES: The New Champions