Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With each billion-dollar indignity, Western business grows more irrelevant. First, an obscure emerging market company outbid a U.S. private equity house for a sexy American brand, when a group led by Fila Korea Ltd. beat out Blackstone L.P. for Titleist golf gear in spring 2011. A few months later, an obscure emerging market bank outbid leading U.S. insurers for a coveted emerging market business, when Colombia’s Grupo de Inversiones Suramericana S.A. bought the Latin American pension assets of ING Groep N.V. But at least in those deals, America Inc. was in the game. The final insult came early this year, when China’s Jinchuan Group Ltd. beat out Brazil’s Vale S.A. for the South African miner Metorex Limited—and an emerging market company outbid an emerging market company for emerging market assets. Western multinationals could not have been more thoroughly sidelined.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.