Analyze Global Trade Environment (pdf)
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Added on 2021-04-17
Analyze Global Trade Environment (pdf)
Added on 2021-04-17
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Running head: ANALYZE GLOBAL TRADE ENVIRONMENTSAnalyze Global Trade EnvironmentsName of the studentName of the universityAuthor Note
1ANALYZE GLOBAL TRADE ENVIRONMENTSExecutive Summary:BRICS is the acronym of five countries, viz., Brazil, Russia, India, China and South Africa.With emerging economies, those countries have captured significant importance in the worldeconomy. As a result, western countries, especially the U.S, are facing threats from thosecountries. Hence, it is important to analyze the impact and the influence of BRICS on the U.Sand also a brief overview about the economical, political and social aspects of thosecountries.
2ANALYZE GLOBAL TRADE ENVIRONMENTSTable of ContentsIntroduction:...............................................................................................................................3The influence of BRICS countries on the U.S:..........................................................................3The relationship between China and Brazil:..............................................................................5The impact of China-Brazil partnership on the world economy:...........................................6Evaluation of BRICS:................................................................................................................7The impacts of BRICS on the U.S:............................................................................................8Conclusion:................................................................................................................................9References:...............................................................................................................................10
3ANALYZE GLOBAL TRADE ENVIRONMENTSIntroduction:BRICS consists of five major economies, viz. Brazil, Russia, India, China and SouthAfrica. At present, with developing economic conditions, each country is playing a vital rolein the era of advanced economics. Those countries, with their new and advancedmethodologies, have earned enough potential to dominant the global economy by the year2050. With 25% land coverage and 40% population of the world, BRICS is going to be thelargest entity in every stage of global economic activities (Carey & Li, 2016). For instance,Brazil, Russia, India and China have already captured a significant portion in the worldmarket with their largest and fastest-growing market strategies. Hence, to understand theimpact of BRICS in the world economy, especially on the United States, it is beneficial toanalyze briefly the economical, political and social activities of those countries at first(Rasoulinezhad & Jabalameli, 2018). By doing so, this report can focus on variousopportunities and threats, based on international business environment, which can beinfluenced by those multi dimensional factors. In this context, the report is going to focus onthe relationships between China and Brazil and their impacts in the global market. The influence of BRICS countries on the U.S:The economic conditions of various western countries have decreased since 2010,while four major countries are capturing the topmost positions worldwide. According to someeconomists, the United States is going to be the second largest economy in the world afterChina in upcoming years (Armijo & Roberts, 2014). By considering the emerging trend ofChina’s GDP, they forecast that the country can achieve the equivalent level with the U.S.Aby 2027 and after that, the GDP of China is going be increased more steadily. Moreover,considering the prediction of the World Bank, it can be stated that the U.S dollar (USD) islosing its international dominance by 2025 because of the Renminbi of China (Stuenkel,
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