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Emerging Markets. Chapter 9. Marketing & Economic Development. Economic Level of Country Economic development Rostow’s Stages Traditional Society Preconditions for Take-off Take-off Drive to Maturity Age of High Mass Consumption. Marketing & Economic Development . United Nations
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Emerging Markets Chapter 9
Marketing & Economic Development • Economic Level of Country • Economic development • Rostow’s Stages • Traditional Society • Preconditions for Take-off • Take-off • Drive to Maturity • Age of High Mass Consumption
Marketing & Economic Development • United Nations • More-Developed Countries • Less-Developed Countries • Least-Developed Countries • Newly Industrialized Countries
Factors for Growth • Political stability • Economic & legal reforms • Entrepreneurship • Planning • Outward orientation
Factors for Growth • Factors of Production • Industries Targeted for Growth • Incentives for Saving • Privatization of State-owned Enterprises • Large, Accessible Markets with Low Tariffs
Marketing & Economic Development • Information Technology • Objectives of Industrialization • Infrastructure and Development • Marketing & NIC Growth
Marketing in a Developing Country • Must tailor strategy • Demand • Economic Dualism • India
Developing Countries & Emerging Markets • 75% of economic growth in next 20 years • Big Emerging Markets • Importation of goods
Countries & Emerging Markets • The Americas • Population= 1.5 x US • Population= EU + 100 million • Dictatorships Democracy • Brazil’s issues • Eastern Europe & Baltic States • Marxist-Socialist Capitalist • First movers succeeded
Countries & Emerging Markets • Asian-Pacific Rim • “Four Tigers” • ASEAN • China • Fastest growing GNP in the world • WTO & legal issues • Six regions
Countries & Emerging Markets • Hong Kong • British control Chinese control • Rule of law, predictable taxes, free capital movement, transparent regulations • Taiwan • Problems with China • Interdependence
Countries & Emerging Markets • India • Recently entered world market • Lowering of restrictions • Current problems • Vietnam • Trade agreement with US • South Africa • Advantages • Disadvantages
Strategic Implications for Marketing • Effects of increasing incomes • Income levels and characteristics