Highly diversified "conglomerate" firms have gone out of fashion in the past 30 years - except in emerging economies where they tend to dominate.

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Highly diversified conglomerate firms have been facing challenges in the past 30 years, and their popularity has declined in developed economies. However, such firms still dominate in emerging economies, where they are often seen as a way to spread risk and leverage economies of scale.

Highly Diversified "Conglomerate" Firms Have Gone Out of Fashion in the Past