BRIC Countries

While the United States and Japan still remains as an economic powerhouse, countries like Brazil, Russia, India, and China, collectively known as the BRIC countries, are seemingly headed for that same route. According to a thesis published by Goldman Sachs Investment Bank, the economy of these four countries are slowly improving and is likely to surpass the existing developed countries in the world by 2050.Aside from these four, there are other emerging markets namely BRIMC (including Mexico), BRICS (with South Africa), BRICA (the four countries and Arab nations like Saudi Arabia, Kuwait, UAE, Qatar, and Bahrain), and BICET( with Eastern Europe as well as Turkey)(Prado, 2008). The Global Outlook Jim O’Neill, who was the economist who proposed the thesis, forecasted that come 2050, the BRIC countries would have constituted more than 39 percent of world population and generated a collective GDP of $15.43 trillion. At present, they only account for 15 percent of the world’ s gross national product (GNP) compared to that of the six industrialized economies of the US, Germany, Japan, France, Italy, and Britain. However, it is predicted that despite their growing population, the BRIC countries would overtake these countries and become the leading countries as far as increasing growth and spending ability is concerned(Prado, 2008). BRIC Countries 4Although not regarded as a political alliance (like the EU) or formal trading blocs such as the ASEAN, the BRIC countries have made great strides in strengthening their cooperation, in order to influence the stand of the United States on major trade treaties, such as the proposed nuclear partnership with India(Prado, 2008). Despite of their cultural and political variations, the BRIC countries have shifted their political system in order to be globally competitive in a capitalist world(Prado, 2008). A Second Goldman Sachs Report In 2004, Goldman Sachs published a follow-up to its first BRIC research.In the secon d report, it was found out that people who have a yearly income of more than the $3,000 threshold will be twice as much in a span of three years and 800 million in ten years. This shows that there is huge increase in the amount of middle class in these states. By 2025, according to the second report, the number of people with an income of more than $15,000 would surpass the 200 million mark(Prado, 2008). However, the follow-up report likewise indicated that despite the shift in the economic growth, the average income in developed countries will remain higher compared to those in the BRIC countries(Prado, 2008).Responding To The Development A report released by PriceWaterhouse Coopers believes that investors must now set their sights on the BRIC countries as it presents a bright future for growth potentials. Economic growth has shifted from the United States and Europe to emerging countries BRIC Countries 5 like China and India. This was based from an observation by John Hawskworth, chief of the macroeconomics division of PricewaterhouseCoopers(Gorringe, 2008). According to forecasts, China would emerge as the biggest economy by 2025 replacing the United States and sustain their growth to 130% come 2050.Similarly, the economy of India would surpass that of the US by 90% in 2050. Brazil will move to number four dislodging Japan. Russia, along with Mexico and Indonesia, may become larger than the economy of Germany and the United Kingdom(Gorringe, 2008). It is worth mentioning that other emerging economies have been included in the list of Pricewaterhouse Coopers as potential growth areas. Among them are Vietnam, Nigeria, Bangladesh, Egypt, Philippines, and Turkey. Vietnam, in particular, has shown tremendous economic growth at 10% per annum.Come 2050, its economy would be 70% larger than the United Kingdom(Gorringe, 2008). Among the BRIC countries, China and India have shown the most significant improvement in terms of their economy. Although their population is over 1 billion, Chinese and Indian economy have grown rapidly. For China, the growth rate is at 10 percent per annum since 1980. India, for its part, registered a 9% growth in its economy in 2006. The combined output of the two countries went up from 6. 7% to 21. 3% from 1980 to 2005.According to predictions, world economy will be focused on China in the year 2015 and India by 2030(Gorringe, 2008). BRIC Countries 6 Over the years, the United States have become the major trading partner of both developed and developing countries. However, this is no longer the case, as many countries have now realized the potential that the BRIC countries have as a region of growth. For instance, the United States have long dominated the scrap market industry, but now China has become a major competitor in the manufacture and distribution of recyclable materials.India, likewise, is a new alternative as far as the scrap market is concerned(Sandoval, 2005). On the other hand, Russia and Brazil have be come a major source of raw materials. The significance of the BRIC partnership is that China and India can source their raw materials from Russia and Brazil(Prado, 2008). Although the economy of Brazil is still dependent on the United States, its local currency is doing well. In fact, during the past years, it has outperformed even the Euro(Mason, 2008). Conclusion Gone are the days when the United States dominated world economy.With emerging economies such as the BRIC, the time will come when the playing field as far as global economy is concerned will become level, with each country having their own share of economic growth. Pretty soon, the United States will eventually have to learn how to trade with other countries all over again. The emergence of the BRIC countries is a clear sign that potential growth is no longer concentrated on developed countries and that the balance of economy is veering away towards developing nations outside of North America and Europe.BRIC Countries 7 References Bustelo, P. The Economic Rise of China and India and its Implications for Spain. Real Instituto Elcano. 2007 August 8. Retrieved June 30 2008 from http://www. realinstitutoelcano. org/wps/portal/rielcano_in/Content? WCM_GLOBAL_CONTEXT=/Elcano_in/Zonas_in/DT+31-2007 Gorringe, J. Investors Should Look Beyond BRIC Countries, Says PwC. Law and Tax-News. com. 2008 March 10. Retrieved from http://www. lawandtax-news. com/asp/story. asp? storyname=30242 Mason, J. BRIC Is For Real. Seeking Alpha.2008 May 19. Retrieved June 30 2008 from http://seekingalpha. com/article/77727-bric-is-for-real Prado, T. The BRIC Thesis. What About Brazil. com. 2008 March 20. Retrieved June 30 2008 from http://www. whataboutbrazil. com/the-bric-thesis/ Sandoval, D. Shrinking World: The Growth of the BRIC Countries Is Making The World A Smaller Place(Brazil, Russia, India, and China). 2005 September 1. Retrieved June 30 2008 from http://goliath. ecnext. com/coms2/gi_0199-4753169/Shrinking-world-the-gr owth-of. html

Alan Mullaly and Ford Motors Term Paper Example | Topics and Well Written Essays - 1250 words

Alan Mullaly and Ford Motors - Term Paper Example †). For instance, it was during the recent global economic downturn that most of the automobile companies faced various challenges in gaining a competitive position to survive in the international market which included General Motors, Harley Davidson and even Ford. It is in this context that leadership advantages were apparently observed in these companies. The most debated issues related to this context were the turnaround of Ford which is stated to be steered by Alan Mulally as the organizational leader (Dean & Varshney, â€Å"Your Next Turnaround Leader: Industry Expert or Outsider?†). Alan Mulally is considered to be an outsider to the automobile industry as well as to the company (i.e. Ford Motors) due to the fact that his early professional career related to the Boeing Company, a commercial airplane and integrated defense system producer and thus had limited knowledge about the operational structure of the automotive industry (BBC News, â€Å"Boeing Exec Made New Ford Chief†). He joined the company in the year 2006 when Ford was witnessing losses and severe downfalls in its overall competency. In order to face these challenges and sensing the upcoming recession then, Alan Mulally decided to borrow a significant amount from the debt market against the company’s assets. ... One factor has been the leadership of Alan Mulally and the other factor was the crisis faced by the company during the period. Thereby, the paper intends to recognize the stronger factors to influence the change management of Ford and reward its remarkable competency in the international platform. Impartial Evaluation Both the factors of change, i.e. the financial crisis faced by the organization and the leadership change witnessed by the organization can be observed as quite significant in influencing the turnaround of the company. It was in the year 2006 when the company was facing losses for four consecutive years. Therefore, it is quite evident that the company had to witness significant challenges to maintain its financial competency and survive in the fiercely competitive market of global automobile industry (Armitage, â€Å"Ford CEO Alan Mulally: The Turnaround Specialist†). Alan Mulally joined the company during the financial crisis of the company. Financial turmoil wa s also apparent in the domestic economy of the company that certainly supported the impacts of internal limitations faced by the organization. Considering these facts, Alan Mulally concentrated on the implementation of various strategies that included retrenchment, restructuring of the organizational operations, marketing strategies, as well as financial strategies (Wall Street Journal, â€Å"Testimony of Alan R. Mulally†). Few of the most significant strategies that boosted the change in the organization concentrated on the borrowing of $23.6 billion from the market against the assets of Ford Motors (Armitage, â€Å"Ford CEO Alan Mulally: The Turnaround Specialist†). The strategic decisions of Alan Mulally further initiated to cut almost 30,000

Teaching of Psychology Essay Example | Topics and Well Written Essays - 500 words

Teaching of Psychology - Essay Example To understand the mind and its complications is not simple. But there have been attempts and many successful ones. In fact, the interpretation of the psyche has developed as a formal academic discipline - 'Psychology'. Psychology is an extensive field amd its ambit is an amalgam of research and teaching. Teaching of psychology becomes very significant in the contemporary individualistic and collective notions of this multi-cultural global society. Teaching is a very responsible activity. The teacher's words can make or mar perspectives. Therefore it requires a thorough expertise on the subject matter as well as the ability to put across the subject effectively. In the area of psychology, the teacher generally has to balance between his/her role of a psychologist and a teacher. The 'how of learning' becomes very important in the teaching of psychology. This is because it has to tread the path of commonalities differences, the impact of culture as well as the benefits and challenges that human diversity brings to relationships and communities. Psychology teaching should be a journey of insight, emotions and imagination. It is very important for the teacher to foster the development of independent, critical thought, evaluative skills, depth of learning, to explore ideas and questions. Teaching of psychology is better performed through demonstration.

UK marketing analysis Assignment Example | Topics and Well Written Essays - 5000 words

UK marketing analysis - Assignment Example For the purpose of appealing to new customers located in existing as well as new markets, the organizations are increasingly trying to concentrate on the lines of product development, market development and even diversification. 1. Environmental Appraisal analysis – UK market It has to be said that the long established and highly popular brand of motorcycles Harley Davidson is facing a slowdown in the US market, which is often recognized as its core market. The reason for the slowdown of the American brand in the domestic and home market is mainly because of the fact of aging of its targeted market segment as well as difficult scenarios in the economic scene of the region. For the purpose of attaining growth in the business in the upcoming future, the US based brand motor cycle brand is focusing on entering into new and emerging markets. Hence, as a part of its strategic move, the brand is focusing on entering the UK market. Before venturing and investing in the development of the UK market, the prospects of the market needs to be studied and analyzed properly. It can be said that for proper analysis of the foreign market of UK, an environmental scanning is very much needed. PEST analysis While analyzing the UK market, the prospects needs to be analyzed from the political, economic, social and technological point of view. It can be said that the PEST framework will be greatly influential in assessing the impact and influence of the various factors of the macroeconomic levels in the automobile market of UK (Birkholz, 2007, p. 7). Political From the political point of view, it can be said that the nation’s automobile industry suffers considerable amount of...The Euro zone was formed in the previous decade to promote economic growth and stability through region wise cooperation of the multiple small western nations. While designing the formation of the euro zone various rules, policies and guidelines of economic and political background were outlaid to form a guiding principle for the nature, method and mode of operations for the nations represented under the Euro zone. However, with the passage of time, most of the laws were overlooked and broken by the participating nations of the Euro zone (BBC News, 2012). It has to be said that some of these nations are almost on the verge of bankruptcy and are looking forward to implementing government spending cuts as well as launching austerity measures to tackle the national crisis spread over multiple regions. It has been realized that after the crisis of the US banking sector the year 2008, the multiple nations of the Euro zone has amassed enormous amounts of debts during the process of conduction of operations. This is playing a major catalytic role in regards to the process of restoring growth and stability within the Euro zone nations (Inman, 2013). With the entry of Cyprus in the Euro zone crisis, the macro economic crisis of the multiple western nations is far from over (Pratley, 2013).

Hrm Essay Example | Topics and Well Written Essays - 3000 words

Hrm - Essay Example The human resource policies help the organizations in demonstrating both externally and internally whether they are meeting the requirements for ethics, training and diversity as well as the commitments associated with the regulations or the corporate governance (Weick, 1995). The objectives of the project is To understand the importance of domestic human resource policies and multinational human resource policies. To evaluate the similarities between domestic human resource policies and multinational human resource policies. To evaluate the dissimilarities between the domestic human resource policies and multinational human resource policies. Definitions National human resource policy frameworks encourage and support the human resource development procedure within the domestic organizations. It enhances the role of the human resource development for increasing the knowledge and skills of the employees thereby developing higher workplace capabilities (Boddy, 2008). It provides framew ork for the complex functioning within the organizations. The policies help in the development of human resource materials for ensuring consistency and high quality performance. These policies are also effective in supporting and creating the required organizational culture. The human resource policies adapted by the multinational companies for expanding the international sales are known as multinational human resource policies (Rao, 2007). The growth of these organizations along with their expansion in the emerging markets includes immense pressure. It is very important for these organizations to recognize their human resources as they are equally important as the financial assets for maintaining sustainable competitive advantage. Most of the multinational companies do not have effective leadership capital that is required to perform with efficacy in the markets across the world. One reason behind it is the lack of the managerial mobility. It is here that the multinational companie s require human resource policies for solving various issues. The human resource policies help in ensuring that the careers of the employees are developed in terms of both employability and profitability. The multinational companies previously lacked the confidence in the functioning of the human resource department in screening, reviewing and developing the employees for the important designations within the organization. The human resource policies have set a systematic framework for the improved functioning of the organizations in all these aspects. The multinational companies have to adjust with the different cultures in various parts of the world. Maintenance of the policies mentioned in this systematic framework would help in the adaptation of different cultures and coordination with different people belonging to different cultures in various parts of the world. Similarities The human resource policies in domestic as well as multinational organizations have many similarities i n their framework as well as functioning. Based upon the goals, objectives and business strategies of these organizations, the human resource policies are framed for ensuring that the human resource has the talent of meeting the performances and objectives of the organizations. The successful companies, both domestic and multinational, hire their employees very selectively by sourcing the candidates from a wide pool of applicants and

Popol Vuh Creation Essay Example | Topics and Well Written Essays - 250 words - 1

Popol Vuh Creation - Essay Example Therefore, they are capable of manipulating their fellow beings in such a way to fulfil their goals apparent in the way some have to exterminate others to dominate. These comprise animals relied on by man for various specific purposes not only in Mayan society, for instance birds. In this context, the grandmother utilizes them to obtain certain messages, which is also evident with the twins. Maintaining unity irrespective of people’s individual capabilities they are capable of overcoming what they may be hindering them. This is evident in this case whereby the twins are capable of facing courageously evil traps and eventually emerge triumphantly. In each situation one ought to find a way to emerge victoriously especially when challenges may jeopardize one’s life, reputation or dignity. However, one should not use trickery to harm others but to evade the challenges evident in the way twins evade grandmother’s humiliations besides others once they climb the tree. The account’s core message encompasses how one can live well with the knowledge such that he or she prevails not by a person’s strength but through wisdom. Hence, it calls upon the Mayan society not only rely on their physical energy or other dubious means instead of engaging their rational thinking first. The account’s narration reserves high positions in the society for gods and other people who due to their wit manage to use other for their advantage. In terms of agriculture and religion, it emphasizes on gods by appeasing in terms of calling them being able to yield to ordinary people’s demands. Consequently, this grants them what they especially rain and other essential aspects meant to aid them have high

Managing People in Engineering Assignment Example | Topics and Well Written Essays - 1000 words

Managing People in Engineering - Assignment Example The general employment environment plays a major role in workforce recruitment and selection. For recruitment and selection processes to be successful the employment environment has to be inclusive, whereby, for example, there is support by staff for processes such as agency workforce diversity initiatives. Environment includes the external environment- this refers to the various factors that affect the ability of a manager to attract, as well as recruit new workforce. Employment environment refers to factors such as the style of management, work-life balance as well as learning and development factors. c.  Outline the processes and procedures carried out when recruiting and selecting personnel for a given engineering post For successful recruiting and selection to be achieved, the following processes and procedures are carried out. The first process involves short-listing. This involves making assessments of the applications of candidates to establish their suitability for the eng ineering post, which is done according to the job description and the person’s specification. After short-listing, persons are required to fill application blanks, which record qualifications, experiences as well as any other necessary specialty. This is an important selection process as it provides important information which can be used to properly identify the person and develop appropriate inferences with regard to his suitability. What follow is employment tests, which are carried out to match the physical.... aking assessments of the applications of candidates to establish their suitability for the engineering post, which is done according to the job description and the person’s specification. After short-listing, persons are required to fill application blanks, which record qualifications, experiences as well as any other necessary specialty. This is an important selection process as it provides important information which can be used to properly identify the person and develop appropriate inferences with regard to his suitability. What follow is employment tests, which are carried out to match the physical, mental as well as temperamental pattern of the individual. These include intelligence tests, aptitude tests, proficiency tests and personality tests. After success in these tests, the other process is the employment interview. This process is carried out to establish the candidate’s suitability, look for more information with regard to the candidate, and more importantl y, to provide an accurate picture to the candidate of job details, for example organizational policies. Interviews are also carried out because they provide a face-to-face contact between the candidate and employer, allowing the employer to assess the various personality traits of the candidate. Before the final selection is done, the process of checking references is carried out. References hold responsible positions in respectable organizations, which is why it is important for the organization to make an investigation of the references given by the candidate. Once successful, a physical and medical examination of the candidate is made. This is an important step conducted sometimes earlier in the selection process to avoid time and expenditure that may be incurred when selecting medically unfit