Essays on The Impact of BRICS on International Business Case Study

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The paper "The Impact of BRICS on International Business" is a good example of a macro & microeconomics case study. This report will be endeavoring to examine the impact of BRICS on international business in terms of the world economy, environments, and politics. Moreover, it will also be examining the effects of the BRICS’ emergence on the capital flows among developed nations and the emerging markets since the 1990s to date, and the contribution of each member of the BRICS: Brazil, Russia, India, China, and now South Africa, is also analyzed in this report.

The report also covers the importance and future of the BRICS countries and their impacts on the International Business across the globe. An analysis of the BRICS capital flows relative to the emerging markets’ GDP growth rates over time will also assist in establishing their future growth rates. Introduction The BRICS economies are an ellipsis that comprises five countries namely; Brazil, Russia, India, China and finally South Africa. These economies are rapidly increasing their influence in the global marketplace. The BRIC population is steadily increasing their living standards, demand for foreign services and goods, and disposable income.

The entire markets and economies of the BRICS countries may potentially exceed the size of the six current largest economies by the year 2050, which comprise of Canada, the USA, and a big part of Europe. It is now difficult to conduct business without a sound knowledge and understanding of the global impact of a handful of these emerging economies labeled as the ‘ BRICS’ . Interestingly, the BRICS economies used to be developing countries half a century ago, and today they are aspiring to be fully modern economies. The BRICS economies that comprise the largest country (Russia); contain 60% of the Amazon forest and, boasts of the record-holding champion of the FIFA Soccer World Cup (Brazil); the second-largest economy (China); the world’ s most populous democracy (India); and probably the world’ s longest wine route and largest diamond producer (South Africa), now posses space programs and nuclear capabilities at the moment.

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