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Already cited by the Financial Times, Forbes.com, The Economic Times, WSJ/Mint and several other
prominent global business publications, Winning in Emerging Markets is quickly becoming the go-to book for
mapping a strategy for entering new markets?and then quickly gaining a competitive edge in those high
growth regions.Advancing the discussion about emerging markets themselves and how organizations can best
leverage the potential of these regions, Tarun Khanna and Krishna Palepu ? both well respected thinkers on
the subject ? argue there is more to sizing up these markets than just evaluating data points related to size,
population, and growth potential. In fact, they say the possibility to expand a company’s progress in
developing economies is to first asses the area’s lack of institutional infrastructure?and then to formulate
strategies around what the authors call ?institutional voids?? to the firm’s advantage. Khanna and Palepu say
the primary exploitable characteristic of an