His company, TIKO, would become the largest domestically owned business in Madagascar.
By 1983, though, Mr. Fernandes left Garantia to found Banco Pactual, Brazil's largest domestically owned asset management firm.
The companies subject to NDPAs are among the largest domestically and worldwide, including Johnson & Johnson, KPMG, HSBC, JPMorgan Chase, Deutsche Bank, ABN Amro Bank, Barclays Bank, Credit Suisse, Fannie Mae, Freddie Mac, General Reinsurance, Lloyds TSB, Metropolitan Life Insurance, UBS, and Wells Fargo.
By the time he was 21, and with the equivalent of an eighth-grade education, Mr. Fernandes and some partners had founded Banco Garantia, which eventually became Brazil's largest domestically owned investment bank before it was bought by Credit Suisse First Boston in 1998.
The drop was particularly uncomfortable as the segment is its largest domestically but has been hurt by generic competition.
In August 2011, China launched its first aircraft carrier (a modified Russian hull) and announced the launch of a larger, domestically built carrier in 2020.
Coal is the largest domestically-produced source of power in Germany, despite a tremendous surge in renewables over the last ten years.
The reason: China's economic growth is, to a large extent, generated domestically rather than by exports.
There is no support in Germany for participating in any military action against Syria, and none of the parties would like to see the issue loom large in a domestically focused and somewhat lackluster campaign.
Today even small companies can achieve 95% scale efficiency by outsourcing to large vendors, either domestically or offshore.
