Advantages Of Brics In South Africa

quality products and services for the rest of the world. Regardless, South Africa stands as the

Southerly Africa principal imports tend to be: energy resource (24 % associated with full imports), nuclear reactors, boilers, equipment as well as mechanical kitchen appliances (14 percent), automobiles as well as car or truck parts (9 percent), mobile phone models (3 percent),

In South Africa we are classed as a third world country, meaning that we are still trying to develop economically to keep up with the wealthier countries. South Africa is described as a third world country with first world expectations. Hopefully we will be able to fulfill these expectations in the near future.

These fundamental factors are based on industrial organization theory. This leads to the concept that attractiveness of the industry is determined by the market structure that affected by market participants behavior. Analyzing influences of each of the factor is starting point in strategic planning. What could be the most valuable asset for those who are in the face of determining the strategy? This is information. Information in business plays crucial role and gives a big picture and characteristic of the market. Five forces analysis provides statistical data and analysis, which allows defining attractiveness of the industry, competitive forces and rivalry impact. In general it answers on one of the fundamental business question, does game worth the candle? Using information about intensity and power of competitors’ advantages, company could prepare riposte to potential threats. As an outcome it could be new strategic direction, product developing or the need in improving brand image of organization. Next step is to determine the strategy by itself, for that Porter provides strategy model, which will finalize planning process. At that point Michael Porter peruses three main strategies to follow: Cost leadership; Differentiation; Cost Focus; Differentiation

Namibia is a small African state, situated on the south western coast of the continent; most of its land is dominated by the Namib Desert and the Kalahari desert. Politically, the country is a unitary state, divided into 13 political regions. Economically, the country’s major activities are mining, agriculture, fishing, and manufacturing agricultural products for export and for domestic consumption. Namibia’s main trading partners are the European Union, Japan, the United States of America, Switzerland, member states of the Southern Africa Development Community and the Southern Africa Customs Union.

South Africa, with the population of 54,841,552 people, is located at the bottom tip of the continent of Africa. To put this in perspective, it is slightly less than twice the size of Texas (“World”). A famous landform where tourists go to take a hike and enjoy the view is Table Mountain, a flat-topped mountain overlooking the city of Cape Town (“Table”). The climate is mostly semi arid but is subtropical along the eastern coast with sunny days and cool nights. About 80% of all the land in South Africa is used for agriculture. Three of the most common religions in South Africa is Protestant, Christian and Catholic.

A reflection of a new, multi polar world order, BRICS is the cause and effect to the graduational change and shift in economic and political power from the developed 'NORTH' to the developing 'SOUTH'

One of the greatest artist Pablo Picasso once said, “Action is the foundational key to success”. Well, we all agree with this quote, but there are many variety of factors that also implies in aspect of life. In the field of business, one of the key elements that ultimately controls the destiny of an organization, is their competitive advantage in a particular industry. The competitive advantage is defined as “an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices”("Competitive Advantage | Business."). In order to deeper understand of competitive advantage in a firm, I chose to read the book “Competitive Advantage Creating And Sustaining Superior Performance” by Michael E. Porter. He is an economist, researcher, author and professor at Harvard Business School most of his career. His extensive researches and wrote many books about economic theory as well as strategy concepts that made him widely recognized in economics and field of business.

Porter (1990) argued that if a nation can achieve competitive advantages, certain factors are required. He claimed a nation’s competitiveness should depend onhow its industries are innovating and upgrading. Nevertheless, advantages can gain through pressure and challenges, since if companies are having strong domestic rivals, aggressive home based suppliers and demanding local customers, they will needed to keep upgrading and innovating, as to hold the position. Furthermore, Porter (1990) indicated howa

The country is a key investor within the East African commmunity, while the largest chunk of intraregional trade is due to Kenya. However, economic

Answer: China and India will be the dominant global suppliers of manufactured goods and services,respectively, while Brazil and Russia will become the principal suppliers of row materials. Collectively, on almost every scale, they will become the largest entity on the global stage. The unfolding influence of the BRICs as engines of new growth and spending power leads some to argue that these transitions may happen even sooner, especially given the aging working populations and falling productivity rates in richer nations. Experts’ forecasts that the most dramatic

South Africa is located in Southern Africa, it stretches along the South Atlantic and Indian Oceans. South Africa is ranked the 25th largest country in the world by land area and 25th most populated nation. South Africa is the only nation-state named after its geographic location. After the establishment of a constitutional nonracial democracy in 1994, there was an agreement signed not to change its name. It is a nation of diversity. South Africa has 49.32-million people and a variety of cultures, languages and religious beliefs.

In Conclusion, “BRICS” did match some of the predictions made in 2001 for them, starting with global share of 10% GDP they increase their share to over 25% world GDP and achieved almost 15% of global trade. The above should translate that the “BRICS” member countries expended the share of world GDP by 150% for twenty years and from developing countries they advance ahead in the global trade and economic plate by fully integrating themselves by becoming members of all major world economic organizations like: WTO; UN; G-20; UNFCCC.

Its western coast is home to the Atlantic Ocean, while to the south and the east is cradled by the Indian Ocean (Author, South Africa, 2000-2016). South Africa takes up 472,000 square miles of its parent continent Africa. That is equivalent to more than twice the size of Texas and three times the size of Germany. The coast lines are made up of sandy beaches and rocky terrain. Further inland its starts to transform from paradise beaches and rocky terrain giving way to the great plateaus that make up a majority of the country. These wild grass lands can suffer from survey droughts but are home to numerous wild animals. The northern region of the South Africa contains the Kalahari Dessert which receives a very small amount of rain fall each year and experience much hotter temperatures than the coastal regions (Author, Exploring Communities South Africa's Physical Enviroment, n.d.). South Africa is located in the southern hemisphere, which means it will experience seasons opposite of America. Temperatures around 26 degrees Celsius will be experienced from the months of October through February. The colder temperatures ranging from 20 degrees Celsius to freezing are through the months of May to august. The country experiences colder climates than countries with similar latitudes do to its higher elevation above sea level (Author, South Africa's weather and climate, 2015). With the amazing varieties of landscapes and great weather conditions, one of South Africa’s greatest treasures remains hidden to the eye and lies below the

SA is an upper-middle-income, emerging market economy and has been so for over 50 years. SA has an abundant supply of natural resources and a diversified well developed economy which boasts a service sector which accounts for more than 65% of total economic activity. SA has shown impressive GDP growth since it was welcomed back onto the international stage after spending many years in economic isolation from the rest of the world. SA has a functional