Advertising in a Developing Economy; Opportunity and Responsibility

1975 ◽  
Vol 9 (3) ◽  
pp. 215-223 ◽  
Author(s):  
Malcolm Harper

Suggests that advertising has a greater influence on spending habits and life style in lesser‐developed areas than in wealthier ones – this potential imposes certain responsibilities on marketers as well as offering opportunities for balanced economic and social development of the countries concerned. Stresses that production has always been considered more respectable than distribution, and the role of the ‘middlemen’ has drawn more suspicion. States that neglecting positive potential of marketing has prevented any analysis of the possible dysfunctional effects of commercial marketing – attempts to suggest the extent of the power that lies with marketers in less‐developed countries. Concludes that if marketing techniques are viewed as valuable tools to be used in accelerating the development process, economic activity will be stimulated rather than stifled, and the increase in national income will help to contribute to a better future for all.

2021 ◽  
Vol 11 (2) ◽  
pp. 252
Author(s):  
Mohsen Mohaghegh ◽  
A. S. Valipour

Numerous theoretical and empirical studies have investigated the role of financial development, human capital accumulation, and trade liberalization on economic growth. Their findings, however, have been inconclusive as to which of these factors’ implementation should policy makers prioritize. We construct a panel of more than 160 `developed’, `developing’ and `less-developed’ countries between 1965 and 2017 to address this issue. We use non-stationary dynamic panel estimations to argue that quantitative effects of these factors depend on national income levels. Even though developed countries benefit the most from investing in their human capital and developing countries gain more by improving their financial institutions, our results show that both financial development and human capital are relatively ineffective in less developed countries. Nonetheless, trade liberalization has a stronger impact on GDP growth in these economies than in developing and developed countries.


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