Friday, November 5, 2010

Fast growing companies rely on overseas growth

Ron McNeil, dean of the College of Business and Management at the University of Illinois Springfield was featured on American Public Media's Marketwatch on November 5, 2010.

The following is a portion of the transcript from the radio interview:

JEREMY HOBSON: Earnings season continues this morning with quarterly reports from Beazer Homes,and Dish Network. If there's been one pattern this earnings season, it's this: companies that are growing are relying on sales overseas for that growth.

We're going to dig into that now with Ron McNeil. He heads the College of Business and Management at the University of Illinois-Springfield. Ron, thanks for joining us.

RON MCNEIL: Thank you Jeremy.

HOBSON: Well, we've seen earnings in the last couple weeks. Merck says it now gets 18 percent of revenue from emerging markets. Dow Chemical, Proctor and Gamble, this is obviously a trend by why is there such growth in emerging countries and not here in the U.S.?

MCNEIL: Well, emerging markets are coming out of very little. So their consumer markets are great. Any growth is big growth but when you're talking about populations of a billion in India, 1.3 billion in China, even 300- or 400 million people in China buying more makes a huge impact.

Download the full text of the interview as a PDF

Listen to the interview online