Canadas investment in the BRIC nations Essay Example | Topics and Well Written Essays - 3000 words

Canadas investment in the BRIC nations - Essay ExampleThe global competitive advantage is likely to shift from the west to eastmost (Mpoyi 1-12), that is from Canada and other European countries to Latin America and Eastern Europe. This is due to the projections in Sachs reports that the BRICs real exchange rate could appreciate annually by an just of 2.5%.For Canada to be on a safer economic side, it needs to consider expanding her investment and increasing its business operations in the BRIC nations. Additionally, if Canada doesnt act on conviction it might be swept by the shift of global competitiveness from the west to the east, which is fast approaching.However, before Canada considers expanding its business and increasing her investment in some(prenominal) of the Golden BRICs nations, both the strengths and weaknesses of each of these countries need to be considered and evaluated as below.BrazilThere have been a lot of controversy whether Brazil deserves to be seen as an ec onomic fireball as portrayed in the BRIC with its weak economic growth in question. According to Pereira (1), it is evident that Brazils weaknesses surpass its strengths by far. However, it would be untimely to disqualify it from the BRICs nations due to her potential in growth in the near future.WeaknessesPereira(1) notes that the rate of growth in Brazil was only 3% in 2013, which is quite an low, compared to that of China and India which was approximately 8% and 6% respectively. Additionally, in the year 2011 and 2012, Brazil grew by 2.7% and less than 1% respectively (Pereira 1).