World-dominating superstar firms get bigger, techier, and more Chinese
The evolution of superstar firms, an indomitable species. Three decades ago, the equivalent figure was less than 5%. The top 50 companies in the world added $4.5 trillion of stock market capitalization in 2020, making their combined worth over a quarter of global gross domestic product. And that’s only one measure of how these corporations are dominating the economy. Tom Orlik, Justin Jimenez and Cedric Sam explore how a new study by Bloomberg Economics has mapped out their changing role and provided policymakers worldwide with ammunition to reign in the giants.
From Bloomberg Businessweek