Discusses the globalisation of markets and questions the assumption that economic development would result in the converging needs of consumers and standardisation of marketing and advertising. Claims that consumers' values are strongly rooted in history and tradition and that with the convergence of incomes, people have more freedom to express themselves and this is done through their own specific value patterns. Outlines Hofstede's five dimensions of national culture. Investigates consumer behaviour across different nationalities for a sample of products and services.
Globalization of marketsSince the early 1960s participants in the discussion about the effects of globalization have assumed that economic development would lead to converging needs and tastes of consumers, which would, in turn, facilitate standardisation of marketing and advertising. Economies of scale in production would lead to low price/high quality ratios, which consumers were supposed to prefer over the products/brands they were used to. Without any empirical evidence, numerous statements about this effect of globalization were published in renowned US journals, such as:In Western Europe, as in most other parts of the world, the geographic, cultural, and other`d istances'' are on the decline (Roostal, 1963).The possession and availability (italics by author) of certain goods is changing people's lives into a more uniform pattern (Elinder, 1965).Especially in Western Europe, but also in some other parts of the world, social and economic trends are working in favour of more, rather than less standardisation in marketing policies (Buzzell, 1968).