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Top Five Global Business Trends

In: Business and Management

Submitted By joy9284122
Words 306
Pages 2
• Developing countries’ growth has slowed
With the incredibly rapid growth of developing countries’ economy, the global market has experienced a huge boom for the past few decades. But the pace of such developments never last long. Western economies have been stagnating since the developing countries started to grow. After an impressive economic innovation, the emerging markets start to slow down as well. Therefore, economic growth over the next several years will be slower due to lack of a newly-born innovation acting as a driver of the economy.
• Technologies, products tend to be more environmental
Environmental factors become more and more important. Businesses around the world start to realize that not only because of their awareness of world pollution, but also due to the great advantages that green powers could bring to their profitability.
• China power
China as one of the largest leading developing economy in the world, has seen its high economic growth and global influences. As the world factory, China plays an important part in the world trade. Due to its growing effect in the world financial market, any change of China’s domestic financial condition will make a difference in the world market, which shows the vulnerability and sensitivity of the global market.
• Demographic shifts
This is not new but it has been making differences. The population of the developed world is aging while many developing countries still have a number of young populations. Businesses with different target customers should recognize their main target markets where there is maximum profitability.
• Power of communication and information
More rapid communications allow customers around the world to purchase products made anywhere in the world. With the continuous rapid development of Internet, information asymmetry has been improved. It becomes more convenient to access

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