COMMERCE 1E03 Chapter Notes - Chapter 3: Devaluation, Emerging Markets, Canadian Business
12 Apr 2018
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Document Summary
Small and medium-sized businesses have a world of opportunity in front of them. In fact, these firms are often better prepared to leap into global markets and react quickly to opportunities than are large firms. Brazil is an emerging nation that, along with china, india, and russia, was projected to be one of the wealthier global economies by 2030. In fact, the term bric has been used as an acronym for the economies of brazil, russia, india, and china. Today, brazil is the largest economy in south america and the seventh-largest economy in the world with well- developed agriculture, mining, manufacturing, and service sectors. Along with russia, brazil was expected to dominate the global market as a supplier of raw materials. China and india were predicted to be leading global suppliers of manufactured goods and services. Unfortunately, the past few years have been difficult for brazil"s economy with increasing inflation and slow growth.
