Brics ( Brazil, Russia, India, China, And South Africa

Brazil is the largest country in South America. It is a developing country that has grown markedly in the past few years.

The process of integration of economies around the world, known as globalisation, has catalysed the development of Brazil as a powerful emerging economy, through the expansion of trade and investment. Emerging countries are defined as those progressing toward becoming more advanced, through rapid growth and industrialisation. Consequently, Brazil’s rapid economic growth has secured its place in BRICS, an association of five major emerging economies, Brazil, Russia, India, China, and South Africa.

Brazil with a population around 201,032,714, is the largest South America’s country. Brazil’s most important components of its GDP are service revenues, wide industry sector and its successful agriculture.

Brazil is a leading emerging economy in the world today. Other economies in this category include; Russia, India, South Africa and china excluding Hong Kong and Macau. There has been a real transformation in the Brazil economy in the 21st century. The country 's location is in Latin America and is one of the motivating economies in the world market. It has experienced rapid growth, price stability, and fiscal responsibility (Czinkota 2010).

The following paper is a depiction of the current economic concern of the real gross domestic product of the Federal Republic of Brazil. Included as well are data sets which display the statistics and recorded data of the real gross domestic products for the years 2000 through 2010. These data sets provide an analysis for the afore mentioned time frame in order to accurately determine trends over a set period of ten years. Moreover, the data and statistical evidence represented will provide additional support for individual assertions based upon the trends in relation to Brazil’s real gross domestic product. The GDP within this nation directly affects the country’s economy as

Brazil is a country that has a wonderful and enriching long history. It is accidentally discovered by the Portuguese in a route to the India. Pedro Álvares Cabral and his troop are the first European set foot on this mystical land in 1500. The indigenous along the shore was the first troop the Portuguese met. The arrival of Portuguese has deeply affect the economic and social environment of Brazil. Portuguese then evaded Brazil by sending Jesuits and later the Royal family doughing from the France and staying in Brazil until they returned to Portuguese in the early 1800s. During the period of Portuguese reign and after King Pedro I declared the independence of Brazil in 1822, the country has mainly gone through three major economy stages: sugar,

Located in South America, Brazil has the seventh largest economy in the world with its nominal GDP. Brazil’s economy is the biggest in Latin America and ranks second in the Western hemisphere, following the United States. Brazil’s GDP is 2.246 trillion USD. With a population of 200.4 million, Brazil has a GDP per capita of 15.9 thousand ranking 71st in the world.The currency of Brazil is the Brazilian Real.

In the first half of the twentieth century, Brazil was the tropical country with the richest Western civilization. Brazil is the fifth largest country in the world and, on account of its size, is characterized by a diversified climate. Sao Paulo, where the impact of tropical weather is moderate because of its height, was the center of economic development, agriculture and industry (Baer, 1995).

Brazil, like many Latin American nations, is a country undergoing rapid change. The nation’s push to transition from newly industrialized to develop country has forever altered Brazil’s physical geography, level of development, and economic activity.

Portugal claimed the land of Brazil in the year 1500. Independence was declared in 1822.

Brazil is richly endowed with natural resources …providing enormous production potential in industry and

Brazil’s level of GDP is significantly ahead of any other country in Latin America because this country has a high-level of development of agriculture, mining and manufacturing industries and the service sector. Now the country is expanding its presence in world markets.

Brazil is the seventh largest economy in the world, and represents the “B” IN BRICs, a term formulated to refer to

2. As of 2013, Brazil had the seventh largest economy in the world, with a GDP of $2.2 trillion.1 They are also the largest economy in Latin America.2 While they experienced high GDP growth from 2008 through 2010, it has slowed in recent years due to high inflation, high operating costs, low productivity and overdependence on exports of raw commodities.3 Their primary exports include coffee, iron ore, soy beans, and transport equipment, predominantly to China (18 percent) and the United States (12 percent).4 In addition to their existing commodities, substantial offshore oil fields have been discovered that “have the potential to turn the country into one of the top

The BOP of Brazil (exhibit 5) shows that since 2000 the country was constantly a net exporter until 2014. The profile of its exports consists mainly of raw materials such as crude oil, iron, raw sugar, soybeans, etc. The collapse of commodities prices (exhibit 9) in the middle of 2014 reduced the ability of Brazil’s economy to end 2014 with a positive current account. The fall of oil prices also strongly contributed to that and Brazilian economy finished 2014 with a deficit in the Balance of goods of nearly $ 4 billion. Brazil’s GDP as expected finished 2014 with just 0.1% growth, announcing that tough times would follow.