For 16 years, Fortune has ranked the most powerful women in American business. For almost as long, we have done the same for the most powerful women outside of America.

This year we’re trying something new. In February, Fortune launched its first-ever Most Powerful Women Global edition, and in this issue we have created a ranking for two segments of the world where women are making the most progress: Europe, the Middle East, and Africa (EMEA), and the Asia-Pacific region. (We did not include women from less well-represented areas, such as Maria das Graças Foster, CEO of Brazilian oil giant Petrobras. She topped our MPW International list in 2013.)

Our franchise is expanding for good reason: More and more businesswomen are taking tougher jobs and helming bigger firms. More than a third of the women on our Asia-Pacific list are making their MPW debut—for example, Lucy Peng (No. 11) and Maggie Wu (No. 12) from Chinese e-commerce behemoth Alibaba. Then there’s Kwon Seon-joo (No. 15), who became Korea’s first female bank CEO last December, and two new women from India, Arundhati Bhattacharya (No. 4) of State Bank of India and Nishi Vasudeva (No. 5) of Hindustan Petroleum, who are the first women leading their respective Fortune Global 500 companies. See our EMEA list here or scroll to meet the power women shaping the new world order in the Asia-Pacific region.

(Note: #s in parentheses were from last year’s rankings)