Every March the celebrated Art Dubai Fair takes places in the United Arab Emirates. A vibrant, new city that emerged from the desert a few decades ago and has managed to become one of the top destinations worldwide.
“There is a profound shift underway – a tilt – in economic power from the northern hemisphere to the fast-developing markets and economies of the South,” says acclaimed business author Ram Charan. Terra Motors Co. Ltd., an electric vehicle company based in Japan, is a firm that has promptly addressed this tilt; 95% of the company’s sales are from South Asian and Southeast Asian countries like India, Bangladesh, Vietnam, and the Philippines. It has recently expanded its shares in the electric vehicle market in these countries, and predicts that it will make 30 billion yen (US$270 million) in this market period.