business ib
Chapter 3 – IB News Assignment
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Choose a country from the Big Emerging Markets list below. The list is obtained from the Market Potential Index (MPI) for Emerging Markets in the globalEDGE website (globaledge.msu.edu).
China
India
Russia
Brazil
Indonesia
Mexico
South Korea
Turkey
South Africa
Nigeria
You will be doing the IB News Assignment on the same country throughout the semester.
Your assignment is to follow the International Business news about the country you chose. You are to find and briefly summarize and analyze an article that is related to the topic of each chapter we are covering in the unit. Your analysis should reflect a good understanding of the concepts in the chapters up to this point. You are required to use reliable sources (ex: The Economist, Business Week, scholarly articles, etc.; Wikipedia is NOT acceptable) and cite them in the APA style. You may also post the article in addition to providing its reference.
You cannot post the same news about the same country that a classmate posted earlier in the week. Several students may choose the same country, just make sure you do not post the same article.
You are welcome to comment on each others postings and enhance your learning experience.
How to reach reliable sources?
Through the
International Business Research GuideLinks to an external site.
.
ABI/INFORM, globalEDGE, Factiva are some of the databases that will be useful.
How to cite sources in the APA style?
Go to the
Citing ResourcesLinks to an external site.
tab in the International Business Research Guide.
Running head:
Globalization
Globalization 2
Globalization
Institution
Globalization in Brazil
Brazil is one of the emerging markets in the world that has been able to grab a good position in the global markets especially through its agricultural exports (Arraes, 2010). The impact of globalization in the Brazil economy cannot be ignored especially for a country that a few decades ago was suffering from economic instability, high rate of inflation, poverty and income inequality. The growth of globalization in the world has had more advantages than disadvantages on emerging markets like Brazil. The FIFA world cup of 2014 and Olympic event of 2016 which were hosted by Brazil helped in showcasing the cultural and economic strength of the country as well as leading the country to a globalization way (Zhaofeng, 2016). The two events were used in showcase the country as tourist destination through the twelve cities that were used and open up Brazil to the rest of the world. Brazil over the years has been able to implement reforms that have opened up its domestic markets leading to increased foreign direct investments inflows thus increasing international trade.
An article in the Forbes magazine on how Brazil will start producing its own big techs shows the impact of globalization in Brazil. The article is about the growth of a São Paulo-based Brazilian company called Movile which has operations in other south American countries like Argentina and Peru. The investors in one of the subsidiaries of the company iFood are UK food delivery firm JustEat (Mari, 2020). The article explains the growth of the tech industry in Brazil following influence globally and how tech companies will replace other companies. This is attributed to a flood of investments to the country that will change how business is done.
References
Virgílio Caixeta Arraes. (2010). The Brazilian Business World: The difficult adaptation to Globalization. vol.53 no.2
LI Zhaofeng. (2016). Analysis on Globalization in Brazil. Canadian Academy of Oriental and Occidental Culture. Vol. 12, No. 5, 2016, pp. 30-34.