Economic Development and Marketing Strategies: a Comparative Lens

Abstract

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 We analyze two core models of economic development in emerging markets: socialism (i.e., the “visible hand” of the state in directing the country’s socio-economic life) and capitalism (i.e., the “invisible hand” of the markets implemented through pro-market reforms). We further distinguish between two types of socialist economic development: Soviet Communism (as experienced in the pre-1990s Central and Eastern European transition economies) and Fabian Socialism (as experiencedin pre-1991 India). We then suggest that companies can adapt to the evolution from socialism to capitalism in their countries through the implementation of more sophisticated marketing strategies that can ensure a sustainable competitive advantage. Thus, we study the marketing strategies of companies from emerging markets operating under both models of economic development. We analyze the opportunities and challenges that emerging market companies face under each model of economic development in terms of deploying various marketing strategies, and provide useful venues for future research.
 

From Basic Research to Competitiveness: An Econometric Analysis of the Global Pharmaceutical Sector

“…As a summary, it can be stated that the current literature is highly controversial on the evaluation of relationships between financial resources, academic publications, patents and competitiveness. The pharmaceutical sector is an important aspect of modern, developed economies and is of strategic importance [40][41][42], making its competitiveness a crucial factor. Table 1.…”