Expanding Business Trade with BRIC

Expanding Business Trade with BRIC

Brazil has gained global recognition due to the efforts being made to improve its market status. Factors contributing to Brazil being an emergent market include the current transition to a developed country. Brazil’s growth has also been uneven, with instances of very high and intermittent slow-down periods (Amann & Baer, 2012). This has resulted in a growth rate of 3% annually since 1980. Another factor is the economic reforms the government is implementing to sustain economic growth. Currently, the Brazilian government is reducing public spending, boosting infrastructure projects, and reducing barriers to foreign investment (Chadarevian, 2018). Our assignment writing help is at affordable prices to students of all academic levels and academic disciplines.

Another major emergent market is China. Over the years, the country has focused on industrialization and trade to boost economic growth. Factors contributing to its emerging market status are rapid growth in productivity and large-scale capital investment financed by foreign investment and large domestic savings. The country has also gained global economic influence due to trade and economic policies monitored by the United States Congress (Moak & Lee, 2015). The country’s economic growth has increased bilateral economic ties with the US because China is currently the US’ largest trading partner, source of imports, and the third-largest export market.

In the Verizon’s global expansion discussion, Germany was selected as an ideal country to do business in. Germany is an emergent market because the economic structure expresses a middle-income emerging market with a large manufacturing sector and a financial system that dictates industrial policy. The country’s economy is also in the catch-up and industrialization phase status (Eissel, 2011). The country is an economic powerhouse due to monetary and industry prudence, and businesses are required to run their operations with a legalistic and normative mindset.

Business operations in Germany depend on proper leadership and understanding of the country’s culture. The proper organizational structure is the functional structure because the German workforce is dominated by people with different skills that can be applied to complete various functions in an organization. Therefore, job roles should be subdivided to ensure that the organization uses available talent to enhance its growth. Communication channels need to be clear so that every team member knows what to expect.

References

Amann, E., & Baer, W. (2012). Brazil as an emerging economy: A new economic miracle? Revista de Economia Política, 32(3), 412-423. https://doi.org/10.1590/s0101-31572012000300004

Chadarevian, P. (2018). Lula’s economic model and post-neoliberalism in Brazil. The Political Economy of Lula’s Brazil, 33-46. https://doi.org/10.4324/9781315168920-3

Eissel, D. (2011). The German economy. The New Germany, 75-103. https://doi.org/10.5771/9783845227115-75

Moak, K., & Lee, M. W. (2015). China’s domestic and foreign challenges. China’s Economic Rise and Its Global Impact, 33-65. https://doi.org/10.1057/9781137535580_3

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Expanding Business Trade with BRIC

There are about 35 countries that are considered emerging markets- mainly in Asia, Latin America, and Eastern Europe- largest emerging markets are Brazil, Russia, India, and China [BRIC] – registering substantial market liberalization, privatization, and industrialization, fueling global economic transformation (Cavusgil et al., 2020). Emerging market countries also demonstrate significant economic activity. Conversely, developing economies represent low levels of industrialization, as represented by large stretches of Africa, central Asia, eastern Russia, and major parts of Latin America (Cavusgil, Knight, & Riesenberger, 2020).

For this discussion, select two emerging markets that are a part of BRIC and describe the key factors that have contributed to their emerging market status. In preparation for your next assignment—Global Expansion Plan (Part 2): Organizational Structure—due at the end of Week 5, indicate if your selected country is an emerging [BRIC] market and describe the type of organizational structure that will be most fitting for the chosen location.

If your country selection is not an emerging [BRIC] market, provide a rationale for your selection and a description of the proposed organizational structure.