In spite of the daily news reports of carriers of all sizes seeing lowered financial results, there are factors affecting the global market are coming together to create opportunities for growth. Such was the premise made by Michael Costonis, partner at New York-based Accenture at his presentation at LOMA’s 2009 Emerging Technology conference in San Diego this week.
“The distribution of economic power is changing,” Costonis told LOMA attendees. Quoting the Economist’s Intelligence Unit statistics that predict the dropping below in 2010 as a global power, Costonis said all the expansion in the global economy in 2009 will be from emerging countries.
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