The Economic Development of Industrialized Countries Marketing Essay
Knowing that the marketing discipline had played an important role in the development of the industrialized countries, macromarketers envisioned its potential: During that period, Singapore has evolved into a developed economy with multiple growth engines, including global competition. Economic development is a set of policies and activities created to build long-term economic growth. This term is used to describe the actions taken by: Industrialization is the process of transforming the economy of a country or region from a focus on agriculture to a dependence on manufacturing. Mechanized methods of mass production are one. Abstract. This article argues that industrialization and associated structural transformation are an engine of economic growth and an important source of economic growth. Most of the world's advanced economies have been deindustrializing for decades and have entered a new 'post-industrial' phase of development. This message asks how they got there. Agricultural development. The core of the book's research is to understand the role that the agricultural sector can play in economic development, as well as the role of agricultural transformation in the broader processes of economic and structural transformation. These processes include the sectoral shift of production and employment. The article then examines how production automation could impact industrialized developing economies, based on the premise that manufacturers can accelerate production automation in response to increasing labor supply constraints due to the COVID-19. Automation is no exception in developing countries. Wen and Arbogast argued that policymakers should focus on strengthening proto-industrialization, which will help put their countries on the healthy path of economic development. “The aim is to include as many rural households as possible in small-scale production workshops to increase their income and create a primitive supply chain.,