6  BIS Review 1/2004  manufacturing of diverse product lines by a single company, DuPont and Monsanto being key examples.25 This multidivisional structure also turned out to be an effective method of handling corporate operations in different geographic areas; and indeed, the second major organizational innovation during this period was the rise of the multinational corporation.
The EIU notes that countries like the Philippines, with a long tradition of microfinance, have better institutional and financial infrastructures, which can be leveraged to provide a wider range of services, and cater to more clients at the “bottom of the pyramid”. Ladies and gentlemen.