GE Moves To Uncharted Waters Overseas

GE has been hoping that growth in the developing world would begin to offset slower sales in places like the US and Europe. It may be that they are finally getting their wish.

The company told Reuters that, in 2007, more than half of its revenue would come from international sales. That is a first, according to GE. Management said "business in emerging markets was growing at more than twice the pace of developed markets and was likely to expand by 20 percent a year for the next several years."

The news means that GE will have more exposure in places like India, China, Southeast Asia and the Middle East. These markets may need infrastructure and industrial products in numbers that are growing faster than the US, but they are also often dangerous place to do business, at least financially.

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