Macromarketing, controversy and economic development: Just before and now during the global meltdown

Stanley J. Shapiro; Clifford J. Shultz II

doi:10.1108/09555340910970427

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European Business Review

ISSN: 0955-534X

Online from: 1989

Subject Area: International Business

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Macromarketing, controversy and economic development: Just before and now during the global meltdown

Document Information:
Title:	Macromarketing, controversy and economic development: Just before and now during the global meltdown
Author(s):	Stanley J. Shapiro, (Simon Fraser University, Burnaby, Canada), Clifford J. Shultz II, (W.P. Carey School of Business and Morrison School of Managemnet and Agribusiness, Arizona State University, Mesa, Arizona, USA)
Citation:	Stanley J. Shapiro, Clifford J. Shultz II, (2009) "Macromarketing, controversy and economic development: Just before and now during the global meltdown", European Business Review, Vol. 21 Iss: 4, pp.313 - 325
Keywords:	Economic development, Globalization, Macro marketing, Recession
Article type:	Research paper
DOI:	10.1108/09555340910970427 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Abstract:	Purpose – The purpose of this paper is to familiarize readers with the nature and scope of the current global economic crisis, its implications for economic development, and what macromarketing can contribute both to better understanding and solutions. Design/methodology/approach – The paper is a controversies-based examination, including a selective, multi-disciplinary literature review and personal observation with a focus on the past, the present and the likely future of economic development. Findings – The paper reports on global trends in economic development, shares prognoses, and suggests the importance of macromarketing perspectives and practices to advance individual and societal well being. Originality/value – This paper provides a fresh, multi-disciplinary perspective on controversies vis-à-vis economic development, while reflecting on past perspectives and new directions for individual and societal well being. The prospects for economic development in light of the global economic crisis and macromarketing orientations are discussed in considerable detail. Some personal views on the likely future of development are also offered.