Globalization, Preference Change and Consumer Welfare in Developing Countries



Among numerous other things, globalization means a greater exposure of developing countries to products and product innovations occurring in the developed countries. And partly as a result of this increased exposure and partly for other reasons that are described below, globalization often also entails a change in preferences among consumers in developing countries in favour of such products.


Product Innovation Welfare Effect Preference Change Indifference Curve Consumer Welfare 
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Copyright information

© Jeffrey James 2000

Authors and Affiliations

  1. 1.Tilburg UniversityThe Netherlands

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