KUALA LUMPUR, July 23 (Bernama) -- The world may face intense pressure on resources, a big shift in global power and a completely different way of doing global business in 2030, says the Association of Chartered Certified Accountants (ACCA).
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In its report, "Where next for the global economy? A view of the world in 2030", ACCA said the world in 2030 would be a startlingly different place with a flattening of the economic landscape and a more genuinely global marketplace.
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The report, which is a collaboration with a research and consulting group, Lighthouse Global, collated predictions from 15 global experts in business, economics and accountancy. ACCA's chief executive, Helen Brand, said distracted by the powerful effects of the global financial crisis, commentators, politicians and economists had recently been focusing on the short term.
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"It's important that the longer term isn't forgotten," she said.The report said some of the current big companies were likely to de-conglomerate by 2010, outsourcing almost all central functions to achieve efficiency.It said federations of businesses would be the corporations of tomorrow.
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"Strong virtual ties will connect increasingly specialist and remote businesses, located in increasingly specialised regions and cities.
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"Small businesses will act like shoals of fish, becoming a strong global force in the global environment," it said.The report said as a result of globalisation, the world would become flatter. The companies from the East and emerging markets would likely be powerful due to shift in influence and globalisation, it said.
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-- BERNAMA
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