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Jeffery Whippo, Ph.D., D.B.A. indicates that there has recently been a great deal of activity in the global market. He says that in the recent years, there has been a significant rise in the number of U.S. companies expanding their markets into developing countries, especially the countries that seem to have some political stability. Jeffery David Whippo says that developing countries like India have a keen focus on their service sector expansion which is becoming a major contributor in the overall GDP performance of the country. However, in industrial market countries like China, the focus is on development of industrial sector which is a key contributor to their GDP.
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Jeffery Whippo Explains Why, Despite Low Per Capita Income, Companies Should Be Interested In Developing Countries
Jeffery D Whippo Talks about U.S. Companies Expanding Their Markets into Developing Countries • Jeffery whippo, ph.D., D.B.A. Indicates that there has recently been a great deal of activity in the global market. • He says that in the recent years, there has been a significant rise in the number of u.S. Companies expanding their markets into developing countries, especially the countries that seem to have some political stability.
Whippo’s Views on the GDP of Developing As well As Industrial Market Countries • Jeffery David Whippo says that developing countries like India have a keen focus on their service sector expansion which is becoming a major contributor in the overall GDP performance of the country. • However, in industrial market countries like China, the focus is on development of industrial sector which is a key contributor to their GDP.
About The Industrial Market Economies of Developing and Industrial Market Countries • Jeffery Whippoexplains that in the industrial market countries, it is mostly observed that the firms form agglomeration which reduces their costs and enhances their profitability whereas the developing countries lack such agglomerations. • He describes that the major exports of the industrial market countries are manufactured products like heavy machinery, technological items whereas major exports of the developing countries are mostly land intensive commodities like wheat, rice, and cotton, etc. • Dr. Whippo further says that the industrial market economies ownership lies in the hands of the private capitalists and the entrepreneurs whereas in the developing countries ownership is mostly in the hands of the government along with the fact that in the industrial market economies procurement, pricing, and distribution mechanisms are private whereas in the developing economies it is usually public agencies driven.
Conclusion: • On the basis of his study of developing and industrial market countries, Dr. Whippo concludes that this provides a great advantage to U.S. companies in expanding into developing countries in terms of breaking down barriers to entry.
