Young Syrian consumer styles: implications for international marketers
Global marketing companies regard the world as one market, where market segments are defined according to several factors that span countries and regions (Hofstede et al. 1999). However, according to De Mooij (2000, p. 105), ‘there is no evidence of convergence of people’s value systems’. Global economic power may be shifting away from the industrialised markets to the emerging markets in the developing world (Cateora & Graham 2005). The Middle East is considered a large region with a total area of 13,333,296 km2 and more than 357 million inhabitants (League of Arab States n.d.). Global foreign direct investment (FDI) inflows to the Arab world increased and reached their peak in 2008, and were estimated to have reached US$66.2 billion in 2010 (UNCTAD n.d.). Nevertheless, there is a paucity of empirical research on Arab consumer decision-making styles.