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Europe Lags On Corporate Giants

The US continues to shape the world and Europe seems to be losing competitiveness: "At the start of the 21st century 41 of the world’s 100 most valuable companies were based in Europe (including Britain and Switzerland but excluding Russia and Turkey). Today only 15 are.

Corporate giants in Europe have fallen far behind their American and Chinese peers over the last two decades, according to a recent report in The Economist, which lays it out in stark terms: "At the start of the 21st century 41 of the world’s 100 most valuable companies were based in Europe (including Britain and Switzerland but excluding Russia and Turkey). Today only 15 are." Business leaders from both the U.S. and Europe weigh in below on why this happened, and what can be done to even the playing field.

In the list of the largest companies, Europe was not in the top 10. They missed the technology badly.