The Importance of Developing Economies and why Market Research is Essential
Understanding Developing Economies A developing economy refers to nations that are in the process of industrialization and modernization, characterized by lower income levels, increased poverty rates, and a reliance on agriculture. Most developing economies are situated in regions such as Africa and Southeast Asia, and many of these countries show exceptionally high economic growth rates. […]
Understanding Developing Economies and the Importance of Market Research
A developing economy, often referred to as an emerging or low-income economy, is characterized by lower levels of industrialization, income per capita, and overall economic development compared to developed nations. According to the World Bank, a developing economy typically has a Gross National Income (GNI) per capita below a certain threshold, which, as of 2024, […]