WordPress not reflecting changed of the database

I’d suggest to try using this:

http://interconnectit.com/products/search-and-replace-for-wordpress-databases/

As @s_ha_dum has said, it looks like you’ve missed something. The above script automates the process of updating all URL references within the database when changing folder/URL and is much quicker and easier.

You’ve probably missed some entries as some references to the URL are stored as serialized data in the database…

Don’t forget to check the settings for the site URL in the wp-config.php file too…