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《麦肯锡The new role of oil wealth intheworld economy》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、McKinseyonFinancePerspectivesonBuildingacompetitivefinancefunction:Anexecutiveroundtable1CorporateFinanceByfocusingontalentdevelopment,newrolesforfinance,andcreativeandStrategybenchmarks,CFOscandeliveracompetitiveadvantagetotheircompanies.Dealmakingin2007:IstheM&
2、Aboomover?8Number26,ReportsofthedemiseoftheM&Aboommaybegreatlyexaggerated.ButtokeepWinter2008itgoing,companiesmustworkevenhardertoensurethatdealscreatevalue.Thenewroleofoilwealthintheworldeconomy14RegulatorsmayworrywhenArabinvestorsacquirestakesinWesterncompanies
3、,yetvastreservesofpetrodollarshavekeptdowninterestratesandbuoyedfinancialassets.What’sthebroadereffectofthesurgeinpetrodollars?WhatbusinessesneedtoknowabouttheUScurrent-accountdeficit20AcorrectionintheUScurrent-accountdeficit,whenitcomes,willhavesurprisingconsequ
4、ences.Governmentsandbusinessesshouldprepareforthem.Takingstock:TenyearsaftertheAsianfinancialcrisis28TheAsianfinancialsystemcouldbecomeafull-fledgedeconomicpowerhouse,butonlyifitsregulatorysystems,economicministries,andfinancialinstitutionsimprovedramatically.14T
5、henewroleofoilwealthintheworldeconomyRegulatorsmayworrywhenArabinvestorsacquirestakesinWesterncompanies,yetvastreservesofpetrodollarshavekeptdowninterestratesandbuoyedfinancialassets.What’sthebroadereffectofthesurgeinpetrodollars?DianaFarrellandAsoilpricescontinu
6、etosetnewrecords,investorsoutsideEuropeandtheUnitedStatesSusanLundareincreasinglyshapingtrendsinfinancialmarkets.Petrodollarinvestorshaveanewfoundinfluence,andthemorethantriplingofoilpricessince2002makesthemthelargestandfastest-growingcomponentofabroadshiftinglob
7、aleconomicmarkets—ashiftthatalsoincludesAsiancentralbanks,private-equityfirms,andhedgefunds.1Highoilpricesare,ineffect,ataxonconsumers,generatingwindfallrevenuesforoil-exportingnations,whichin2006becametheworld’slargestsourceofnetglobalcapitalflows,surpassingAsia
8、forthefirsttimesincethe1970s(Exhibit1).Amajorityoftheserevenueshavebeenrecycledintoglobalfinancialmarkets,makingpetrodollarinvestorsincreasinglypowerfulplayers
