DOING BUSINESS IN 2030 TO BE COMPLETELY DIFFERENT, SAYS ACCA REPORT

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).

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.

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.

"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.

"Strong virtual ties will connect increasingly specialist and remote
businesses, located in increasingly specialised regions and cities.

"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.
-- BERNAMA


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