The Brics Nations Essay

1836 Words8 Pages
As the economies of the world become increasingly intertwined the BRICs countries are proving themselves capable of not only harnessing the power of their resources to stimulate economic growth but also of standing on their own as viable global business entities. These emerging economies are important in terms of global business as they offer many opportunities and present many challenge to the nation itself and to the global community. They ways these new markets choose to conduct themselves on the international stage is a determinant of how the rest of the international community will act toward and interact with them. There are many ways to view a country when discussing their economy and their challenges. As a framework for this analysis, each of the four BRICs nations are compared based on the following economic data: GDP, export amount, import amount, inflation rate, and unemployment rate. Following this data is a brief discussion of the nation’s central industries as well as challenges they face. All economic data are sampled from the CIA.gov/workfactbook and are dated 2012. A discussion of the ethics of responsible stewardship as it applies to emerging markets in international business concludes the analysis. Brazil – Brazil is an emerging market nation, and it has been a rather turbulent journey for the country in working to attain this status. Plagued by rampant inflation and little confidence in their currency, Brazil faced an uphill challenge in re-envisioning their economic model for the modern era. “Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets” (Central Intelligence Agency, 2013). Brazil is home to the world’s second largest population of blacks (behind Nigeria),

More about The Brics Nations Essay

Open Document