The Impact of “Big Tobacco” on Emerging Markets

Smoking has always been a divisive subject. While in developed countries, health awareness, high taxes and advertisement restriction might have been the factors contributing for the decrease in number of cigarette sales, in emerging economies, tobacco companies seem to be cashing in more and more. Economic development means more disposable income and more wiggle room in regulations, and tobacco companies are well aware of that. Smoking in Numbers In 2015, global cigarette sales closed the year with $685.5bn, which amounts to 5.6 trillion cigarettes consumed, and 20.4% of the world’s…

Read More