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.
Wilde, T.D., Defraigne, P., & Defraigne, J. (2012). China, the European Union and the Restructuring of Global Governance. Northampton, Massachusetts: Edward Elgar Publishing Limited.
Jain, S. C. (esds) (2006). Emerging Economies and the Transformation of International Business: Brazil, Russia and China (BRICs). Northampton, Massachusetts: Edward Elgar Publishing Limited.
Chkili, W. & Nguyen, D. K. (2014). Exchange rate movements and stock market returns in a regime-switching environment: Evidence for BRICS countries. Research in International Business and Finance, 31, 46-56.
Beausang, F, (2012). Globalization and the BRICs: Why the BRICs Will Not Rule the World For Long. New York: Palgrave Macmillan.
Li Xing, A. P. (eds) (2014). The BRICS and Beyond: The International Political Economy of the Emergence of a New World Order. Farnham, England: Ashgate Publishing Limited.
Huisken, R. (eds) (2011). Rising China: Power and Reassurance. Australian National Library. Australia: .ANU E Press.
Gammeltoft, P. (2008). Emerging multinationals: outward FDI from the BRICS countries. International Journal of Technology and Globalization, 4(1), 5.
McGranahan, G. & Martine, G. (2014). Urban Growth in Emerging Economies: Lessons from the BRICS. New York: Routledge,
Kobayashi-Hillary, M. (2008). Building a Future with BRICs: The Next Decade for Offshoring. London: Springer.
Sarkar, A. N. (2009). Enhancing Global Competitiveness: Advantage India. New Delhi, India: International Publishing House Pvt Ltd,
Hiscock, V. M. (eds) (2014). The Rise of the BRICS in the Global Political Economy: Changing Paradigms? United Kingdom: Edward Publishing Limited.
Ranger, R. & Surminskin, S. (2013). A preliminary assessment of the impact of climate change on non-life insurance demand in the BRICS economies. International Journal of Disaster Risk Reduction, 3(1), 14-30.
Francis, K. A. & Narnia, B. (eds) (2014). Laying the BRICS of a New Global Order: From Yekaterinburg 2009 to Ethekwini 2013. South Africa: Africa Institute of South Africa.
Becker, U. (2014). The BRICs and Emerging Economies in Comparative Perspective: Political economy and institutional change. New York: Routledge.
Marino, R. (2013). Submerging Markets: The Impact of Increased Financial Regulations on the Future Growth Rates of BRICS countries. New York: Palgrave Macmillan.
Roach, S. S. (2009). Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization. New Jersey: John Wiley & Sons.
Jones, S. (2012). BRICs and Beyond: Lessons on Emerging Markets. United Kingdom: John Wiley & Sons,
Wan, X. (2010). FDI in BRICs. International Journal of Business & Management, 5(12), 168-173.
Vijayakumar, N. & Sridharan, P. K. (2010). Determinants of FDI in BRICS countries: A panel analysis. International Journal of Business Science and Applied Management, 5(3), 1-13.