What are the long-term prospects for industrialization of an underdeveloped country with high population growth and minimum resources?
Increasing population means a larger customer demand, but also increased pressure on available resources. Procreation is one of the most culturally sensitive controllable s, and especially in many of the developing countries.
This will have great impact on business and marketing in the future. Markets for infant products, school equipment and maternity have a decreasing demand, while due to the decrease in population in developed countries, the amount of elderly people who cannot work anymore will become costly to these countries. In conclusion, industrialization provides people with jobs, but more importantly it improves their living standards. However, jobs do not grow as quickly as the population, and this means there will be a lack of resources to provide for all these new human beings.