Power is shifting but does it matter? : Emerging countries catch up as West's dominance fades but how will China and the rest grip the baton they'll grab?

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Power, influence and the financial clout that underpin them seem to be on an irreversible march from the developed world to emerging economies. While the USA, UK and European Union can't quite work out what's gone wrong and why their economies are in such a mess, China, India and other developing nations have grabbed the baton of economic leadership. But how will they fare? Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.