Growth of Global Markets

Jo M. Martins (), Farhat Yusuf () and David A. Swanson ()
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Jo M. Martins: Macquarie University, Department of Marketing and Management
Farhat Yusuf: Macquarie University, Department of Marketing and Management
David A. Swanson: University of California Riverside, Department of Sociology

Chapter Chapter 5 in Consumer Demographics and Behaviour, 2011, pp 71-82 from Springer

Abstract: Abstract The fifth chapter introduces Malthusian perspectives on limits to population growth posed by food production. It illustrates the effects of population growth on income per capita of poorer countries and its impact on the market for the range of consumer goods. It shows the growth in markets from 1500 onwards and the acceleration of that growth in recent years. It identifies the largest global markets and their relative size. It reviews Engel’s Law and its effect on disposable income for progressive commodities. It shows the relative purchasing power of high, middle and low income countries. In this context, it examines the relative size of markets and population of countries in different stages of development. Finally, it assesses factors affecting global markets size and composition.

Keywords: Population Growth; Gross Domestic Product; Disposable Income; Purchase Power Parity; Gross Domestic Product Growth (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssdmcp:978-94-007-1855-5_5

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DOI: 10.1007/978-94-007-1855-5_5

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