Got a tricky question? Receive an answer from students like you! Try us!

Creating and Sustaining Growth In the Transition Economy of Brazil - Essay Example

Only on StudentShare
Undergraduate
Author : jacobineil
Essay
Miscellaneous
Pages 12 (3012 words)

Summary

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…

Extract of sample
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 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

Related Essays

Creating and Sustaining an Organisational Learning Culture
One such company is the centre of this paper.…
10 pages (2510 words)
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 and their effects on the overall economic performance.…
8 pages (2008 words)
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 open market policy (Ingves, 2002). The grant of non-collateralized loans is part of a culture fostered by a centralized economy in which power and privilege are concentrated in a few hands.…
8 pages (2008 words)
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.…
3 pages (753 words)
Transition& Emerging Markets
This only shows that growth is harder to predict, create and sustain in the once centrally planned economies.…
8 pages (2008 words)
Brazil
(CIA, 2007) Brazil has a multiethnic social structure with Roman Catholicism as the dominant religion and Portuguese as the main language. It is characterized by natural surroundings, wildlife diversity, protected habitats. It terms of demography, it is fifth most populous nation in the world and in terms of geographical area it is the fifth largest. Brazil is officially known as the Federative Republic of Brazil. (CIA, 2008) The natives of Brazil are perceived to have descended from the North Asian migrants of around 9000BC. In the beginning due to the already generated high profits from…
10 pages (2510 words)