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Brazil and Mexico Comparative Analysis Essay

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Table of Contents

INTRODUCTION 2
BRAZIL 2
Political Analysis 3
Cultural Analysis 4
Economic Analysis 7
MEXICO 9
Political Analysis 10
Cultural Analysis 11
Economic Analysis 14
COMPARATIVE ANALYSIS 17
Recommendation 18
BRAZILIAN STEEL INDUSTRY 18
IMPLEMENTATION 19
REFERENCES 21
APPENDIX 24

INTRODUCTION
Brazil and Mexico are two emerging markets that are becoming increasingly prevalent and influential on the international stage. These nations share many similarities. Both are newly industrialized developing economies, share similar cultural and societal norms and are considered the top economies of Latin America. Brazil and Mexico both have crumbling infrastructures in dire need of upgrades. Despite these similarities, …show more content…

It has a comprehensive legal structure dividing powers among the federal, state and municipal levels. However, its rigid and complex regulatory laws pose significant barriers for start-up businesses. In Brazil, the average time needed to start a business is 120 days, compared to a regional average of 56.7 days. Furthermore, it takes an average of 14 days to register property in Brazil, while the regional average is 6.8 days. This means that on average, starting a business and registering property in Brazil takes twice as long as it would in other Latin American and Caribbean states (Datamonitor, 2011a). Brazil's implementation of the VAT tax system also has its flaws; the latest Latin Tax Index designated it the worst tax regime in Latin America (Datamonitor, 2011a).
Cultural Analysis
Brazil is a highly diverse and multicultural nation, consisting mostly of Native Americans, Portuguese, and Africans. In the late 19th and early 20th century, many immigrants from Italy, Germany and Japan migrated into the South American nation, which resulted in a multicultural and multi-ethnic society (Culture of Brazil, 2012). Because Brazil was originally a Portuguese colony for nearly three centuries, many aspects of Brazilian culture is derived from Portuguese culture. The Portuguese language and architectural style are examples of things that indicate a strong Portuguese influence (Culture of Brazil, 2012).
Portuguese is spoken by nearly 99%

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