Creating and Sustaining Growth In the Transition Economy of Brazil

Undergraduate
Essay
Miscellaneous
Pages 12 (3012 words)
Download 0
Once the centrally planned economies embarked on the road to the open market, they logically look up to the western economies of the US, UK and other European citadels of capitalism as models. The problem is that the criteria for predicting growth, as well the factors that create and sustain development, are inherently different in the economies that were held in the grips of socialism and militarism for nearly a lifetime…

Introduction


In 2005, for example, the Goldman Sachs consulting group developed the Growth Environment Scores based on an assessment of companies in 170 countries as regards macroeconomic conditions, social and environmental issues, governance, corruption and other issues. The transition BRIC countries (Brazil, Russia, India and China) placed high on the list. China was on top followed by Russia, Brazil and India, in that order (Rybinski, 2006). This means that these previously planned economies are making big strides in their democratic transition to match the growth of the countries that have a developed market in place for a long time.
In other cases, the transition economy of South Africa was caught flat-footed when its rand stumbled in 2005, Hungarian bonds were sold out, and the Turkish stock market crashed 41 percent in dollar terms in seven weeks (IFC, 2006). Their policy makers failed to predict these events so as to create the necessary safety nets. South Africa is moving to a market economy after years of the contentious apartheid, Hungary was once a member of the communist bloc, and Turkey is shaking off monarchial rule.
The progress of any economy is measured by the amount of the foreign direct investment (FDI) tha ...
Download paper
Not exactly what you need?

Related papers

Sustaining long-term performance and growth
Over the last few years, companies and organizations have been working towards creating a new dynamic within their businesses called disruptive growth (Christensen and Raynor 177). In the book The Innovator's Solution, the disruptive process is "to commercialize a simple, more convenient product that sells for less money and appeals to new or unattractive customer setthis phenomenonfrequently…
Creating and Sustaining an Organisational Learning Culture
One such company is the centre of this paper.…
Economy of Brazil and Russia
This paper is divided into two sections which look at Russia and Brazil individually. The main goal of this report is to answer two questions. First, whether the Russian and Brazilian governments have been successful in running their economies from 2003-2005. Secondly, it will conduct an identification and evaluation of the different policies implemented by both governments within the time frame…
Poland: Business Culture As Source of Inner Strength For a Transition Economy
Brazil and Russia are prime examples. After Brazil disengaged itself from longtime military rule and opened its market to the world, its economy went from bad to worse (CAFOD, 2003). As for Russia, the major source of the difficulties was the soft loans that continued to be granted to large state companies in larger amounts even after the country dismantled the communist apparatus to embrace the…
Creating and Sustaining Growth In the Transition Economy of Brazil
In 2005, for example, the Goldman Sachs consulting group developed the Growth Environment Scores based on an assessment of companies in 170 countries as regards macroeconomic conditions, social and environmental issues, governance, corruption and other issues. The transition BRIC countries (Brazil, Russia, India and China) placed high on the list. China was on top followed by Russia, Brazil and…
: Creating and Sustaining the High-Performance Business: Research and Insights on the Role of Supply Chain Mastery
A proper balance between the fully-grown business processes and the recognized Information Technology being used is needed in order to attain best supply chain performance results. This is because the improvement in the performance of the supply chain is dependent partially on the strength of the Information Technology used and partially it is dependent on the levels of business processes of the…
Transition
The objective of transition is to plan and adopt some educational and interactive activities which will prepare the students for further education and employment. Transition services and plans for youth with disabilities are now mandated under the recently enacted 'Education of the Handicapped Act' Amendments of 1990.…