The share of the global economy belonging to emerging markets is increasing. According to Yahoo! Finance, Goldman Sachs has a new report indicating that the BRIC countries’ share of the global energy industry is now higher than that of the U.S.:
At the end of the first Gulf War in 1991, 55 percent of the 20 largest companies in the energy industry by market capitalization were American, and 45 percent were European, according to the Goldman Sachs Group Inc. study.
But in 2007, 35 percent of the 20 largest energy companies are from BRIC countries, about 35 percent are European, and about 30 percent are American, the study said.
This follows a trend in other industries such as the metals and mining industry where 20% of the top 20 companies are now from BRIC countries.
The story has been reported at Forbes, MSN and elsewhere and comes from the United Nations AP newswire. Yet, nobody – including Goldman Sachs - seems to have the actual report itself. Anyone out there seen this report?