A new study by the McKinsey Global Institute projects economies in Greater China and developing regions will host slightly less than half of the world’s Fortune Global 500 companies by 2015.
The institute predicts 229, or 45 percent, of the Fortune Global 500 companies will be based in the emerging world’s cities, representing a 40 percent jump from the 25 McKinsey recorded in 2000, according to the forecast.
For 2010, McKinsey says 17 percent of Fortune Global 500 companies called an emerging city home.
Three-quarters out of 8,000 companies worldwide are both based in developed economies and have annual revenue of at least $1 billion or more, the institute says.
McKinsey forecasts 7,000 more companies could hit the $1 billion in revenue mark within 10 years and 70 percent will come from emerging markets.