PHASES OF

ECONOMIC
DEVELOPMENT
  Differentiate the phases of economic
MELCs development and its impact to
business environment
 Economic
development, the
process whereby
simple, low-income
Economic national economies
Development are transformed into
modern industrial
economies.
britannica.com
  Countries
accumulated wealth
through trade
relations with other
Phases of MERCANTILISM countries and
colonies.
Economic  Methods of
Development 1500 - 1780 production remain
unchanged, relying
on methods and
processes developed
during Middle Ages
  Production and
distribution became
mechanized.
 Large factories were
INDUSTRIAL established
Phases of REVOLUTION
Economic  Increase in
employment
Development
1780 - 1880  Transportation
improved enabling
the quick and easy
transport of raw
materials and goods
 INDUSTRIAL
Phases of REVOLUTION
Economic
Development
1780 - 1880
  The rise of
multinational
companies
through the
Phases of FORDISM pioneering work
Economic of Henry Ford of
Development Ford Motor
1880 - 1970 Company.
 Introduction of
assembly line -
conveyor
Phases of FORDISM
Economic
Development 1880 - 1970
  Improvement in
production and
information
Phases of POST-FORDISM technology
Economic  Computer-
Development controlled tools
1970 - 2010
 INTERNET –
improved
communication
  Companies are
operating within a
global
marketplace and
Phases of GLOBALIZATION economy
Economic  Establishment of
Development 2010 - present regional economic
organizations
 Stiff competition
 Sustainability
BTS
U.N.
SDG
 Businesses provide goods and
services
ROLE OF Create jobs
BUSINESS IN Raise standard of living
THE
ECONOMY Community Development
Wealth Creation and sharing
Corporation Social Responsibility