PwC Says Global Commerce Set to Bypass the West, Reports

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Radical shake-up in the competitive environment for financial services businesses imminent.

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Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that intra-trading across South America, Africa, Asia and the Middle East (SAAAME) is leading to a radical shake-up in the competitive environment for financial services businesses, according to research by PwC. reports the PwC Project Blue report highlights that the interconnectivity of intra-SAAAME trade and investment flows is as significant as the growth and projected size of the emerging markets. notes that SAAAME regions are emerging as an interconnected trading zone, which effectively, in physical terms at least, bypasses the West. Trade flows within this region are growing around 50% faster than trade flows between SAAAME and developed markets.

Dominic Nixon, Asia Financial Services Leader at PwC comments:
“The real story is not so much the speed of growth within SAAAME, but how interconnected the trade flows between these markets have become. Intra-SAAAME trade will continue to proliferate and it presents untapped opportunities for the region, particularly Singapore which has played a key intra-trading centre because of its port complex.”

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  •     Kristy Short
(734) 481-0186

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