Abstract
Economic development is the most important for foreign consumers to adjust their trade tasks and demand in global business. Each stage of the economic development of a country has a powerful impact on prospects of foreign investment activities, commodity demand, the permanent system of distribution and logistics and a comprehensive marketing process while increasing consumption. Basically, economic development represents a double challenge. Firstly, there is a need to investigate general aspects to gain an image of the economic climate. Secondly, each state of economic growth must be investigated with the focus being on market opportunities, current economic level and growing economic potential. The state of economic development at a particular moment determines the kind and level of market potential. Economic dynamics and economic competence make it possible for commerce to prepare and respond appropriately to economic movements and market development. Economic growth is perceived and explored by the authors in terms of increased national production resulting in increased GDP per capita in domestic production but with a wide distribution of increased income, where there are conditions and aspirations towards gross economic growth, increased consumer demand and requirements which are likely to get higher with every decade as opposed to the process stretching over centuries in the past.
Highlights
Japan and the USA; and with Brazil, Mexico, Poland and South Korea which are still developing, as well as with other emergent markets keeping up with these trends. [1]
These countries tend to be supported by their prosperous neighboring countries – India, Indonesia, Malaysia, Thailand, and the Philippines. They are following in the footsteps of the leading countries. These four groups create a vast and strong global market in which global businesses are interwoven with the aim of improving their prospective business markets
Demand of global market businesses and expansion of business market require each country not to settle for the status it has gained but to keep insisting on better standards of living and business environment
Summary
Japan and the USA; and with Brazil, Mexico, Poland and South Korea which are still developing, as well as with other emergent markets keeping up with these trends. [1]. Outside the model of economic development of Europe, Asia and the USA, there are different levels of development These countries tend to be supported by their prosperous neighboring countries – India, Indonesia, Malaysia, Thailand, and the Philippines. They are following in the footsteps of the leading countries. The main purpose of this paper is to analyze the marketing changes that occur as a result of the economic development. It aims at explaining the differences between the changes of the industrial and the consumer markets
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