StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Trend Analysis and Future Income Levels in BRIC Countries - Term Paper Example

Comments (0) Cite this document
Summary
The paper "The Trend Analysis and Future Income Levels in BRIC Countries" presents the aftereffects of the economic boom which have raised the income brackets in Brazil, Russia, India, and China. It seems the BRIC Countries' middle-class income bracket will surpass the G7 countries' one…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
The Trend Analysis and Future Income Levels in BRIC Countries
Read TextPreview

Extract of sample "The Trend Analysis and Future Income Levels in BRIC Countries"

Download file to see previous pages The term BRIC was in a way, created in the year 2001 by Jim O’Neill. Since then, the term BRIC has rather evolved into a concept which refers to economic growth. Each of the four emerging nations owns most of the components required to attain superior economic development in the world of today.
In terms of country area, Brazil is the fifth largest country in the world with the country size being 8,514,877 sq km. The estimated population of Brazil in 2012 is 205,716,890; which is also the fifth largest in the world. The rate of population growth hovers around 1.1% while 87% of the country’s population resides in urban areas. The age structure of Brazil illustrates that 67% of the inhabitants lie in the age bracket of 15-64 years, which is a healthy sign for any growing economy. The literacy rate, which stands at 88.6%, is pretty encouraging. Portuguese is the state’s official language. As far as the division of population on the basis of religion is concerned, 73.6% of the population is Roman Catholic while 15.4% is Protestant. 
Brazil achieved independence in the year 1822, after more than three hundred years of Portuguese rule. The country continued with a monarchical government system up till the abandonment of slavery in 1888, followed by a declaration of a republic in 1889. The coffee exporters used to politically control the country until Getulio Vargas assumed power in 1930. In the year 1985, Brazil acquired freedom from the military and populist rule. Ever since it has set itself on the expedition of industrial and agricultural development.
The economy of Brazil revolves around hefty and well-managed sectors of agriculture, manufacturing, mining, and services; which have made Brazil an economic leader in South America. Since the year 2003, Brazil has gained strength on a macro-economic basis, with the piling up of foreign reserves in addition to the betterment of debt position. Brazil has been one of the initial economies to demonstrate a recovery after the 2008 recession. By securing the position of the world’s seventh biggest economy in 2011, Brazil has been able to comfortably outshine United Kingdom (“CIA”, 2012). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The Trend Analysis and Future Income Levels in BRIC Countries Term Paper, n.d.)
The Trend Analysis and Future Income Levels in BRIC Countries Term Paper. Retrieved from https://studentshare.org/macro-microeconomics/1397006-briefly-describe-the-economy-of-the-bric-countries
(The Trend Analysis and Future Income Levels in BRIC Countries Term Paper)
The Trend Analysis and Future Income Levels in BRIC Countries Term Paper. https://studentshare.org/macro-microeconomics/1397006-briefly-describe-the-economy-of-the-bric-countries.
“The Trend Analysis and Future Income Levels in BRIC Countries Term Paper”, n.d. https://studentshare.org/macro-microeconomics/1397006-briefly-describe-the-economy-of-the-bric-countries.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Trend Analysis and Future Income Levels in BRIC Countries

Property Investment Analysis

The Red Book valuation figures offer useful guidance on valuation, however they contain overlapping material from diverse sources. The Mallinson Report has identified the need for the RICS to publish a single, comprehensive and user friendly source of standards for valuers and establish a single point of coordination in the institution’s delivery of valuation services. The Report also states that the information provided needs to be more specific so that it place more specific further education demands on valuers. Additionally, there must be additional power provided to the Institution to investigate problem cases and take disciplinary action when it becomes necessary, despite the possibility of courts exerting a restricting...
13 Pages(3250 words)Assignment

Financial Management Analysis of Rio Tinto Plc

Taking into consideration that Harmony is the sixth-largest in the world in the gold mining industry, the choice of Harmony God Mining Co. as a benchmark company is the most suitable and justifiable. Moreover, Harmony has also some investment stake in Rio Tinto, and this situation makes the company more suitable for the choice. At places, the benchmark company’s performances have been better than Rio Tinto, and thus Harmony has a competitive edge as well over Rio Tinto.

Profitability ratios like Operating Margin Ratio, Net Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) are the performance analyzer of any company. Profit Margin ratios show the relationship between profit and sales. Since profit ca...
8 Pages(2000 words)Case Study

Calculation of Income Tax

The calculations for the capital gains tax are shown in the appendix. From the calculations, it may be observed that it is advisable to sell off the business building before 05th April 2008 as you can avail of the indexation allowance and taper relief which are no more available. It may be noted that the indexation and taper relief are the allowanced granted by the government to provide for the increase in the asset value due to inflation (Chris Horne). In case you decide to sell the property after 05th April 2008 you may have to pay a higher CGT of 18,000. However in the case of the personal paintings since they have been acquired only in the year 2005 they do not stand eligible for any allowances and the capital gains will simpl...
6 Pages(1500 words)Case Study

Women in American Politics: Past and Future Challenges

The official political role of women in the colonial period was not definite at all. Political rights were founded profoundly on ascribed status such as birthrights and on achieved status such as property. Religion also contributed in determining who could and could not play a part in politics. There was no steady and widespread difficulty in the participation of women in political life, yet only a small number of women voted in England and North American colonies, and hardly any women participated in politics to the degree of putting into effect political influence (ibid). In reality, the minority had any public office at all in England, and no women can be recognized as holding elective political office in the colonies.
It...
19 Pages(4750 words)Research Proposal

Future Digital Design Process

As we shape up the interface between the designer and the virtual environment we are naturally going to produce a greater and far better outcome.
It will enable the end-user to be more creative and experimental and explore possibilities that were previously tedious or impossible. The design possibilities of virtuality will enhance the outlook of environments.
Now we can also term it according to the duration it can last. For any new thing, the duration is 10-30 years. If it lasts for 10 it would be popular as a tool another 10 and it would very well be a theory and if it survives all 30 years it will soon be defined as a revolution.
It was the end of the 20th century and the beginning of the 21st century that saw th...
21 Pages(5250 words)Assignment

Analysis of Offences Against the Person Act

She suffered sleeplessness and panic attacks after this and was diagnosed with reactive depression. She told her brother, Ian, who saw Boris in the local pub and threw his beer glass into Boris’s face. The glass broke and Boris lost the sight in one eye as a result. Explain what non-fatal offences may have been committed here. It is also necessary to consider the Sexual Offences Act 2003 as the act of the hypnotist could be regarded as a sexual1.

The most minor assault is common assault as described by s39 Criminal Justice Act 1988. Under s39 an assault is committed if a person assaults another or commits a battery. An assault has been defined as when a person intentionally or recklessly causes another to app...
6 Pages(1500 words)Case Study

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages(1500 words)Case Study

Analysis of John Locke and Jeremy Bentham Phylosophy

John Locke spent six years there before he went on to Oxford in 1652 where he studied Logic, Metaphysics and Classical Languages. He received his Bachelor of Arts degree in 1956 and continued in Oxford where he was successful in achieving his Master of Arts degree in 1658. It was after receiving this degree that he decided to study medicine and he came under the influence of renowned physician Thomas Sydenham. Locke later assumed the position of personal physician to Lord Ashley, who was known as one of the richest men in England at that time, and also Earl of Shaftesbury.

Locke's presence at Ashley’s home was more than that of a physician. After Lord Ashley became Earl of Shaftesbury and declared Lord Chancellor,...
9 Pages(2250 words)Term Paper

Analysis of OReilly v Mackman Case

Judicial review is a concept which is constitutionally undecided as it on one side, it shores up the rule of law, democracy, and pre-eminence of parliament by facilitating the courts to check the boundaries of government authority and on another side, the courts are open to the decision on the plants based on the fact of separation of authorities that are intimating with the verdicts of democratically elected institutions. Judicial review is not apprehended with the virtues of government assessment but deals with whether the deciding authority has remained within the legal boundaries and whether broad principles of rationality and fairness adhere. The constitutional basis of judicial review is debated as one view holds that it is...
8 Pages(2000 words)Case Study

Analysis of Tourism and Hospitality Law Case

 The main issue that needs to be tackled first is whether there is a valid contract between Richard Brat, carrying on trade as Brighton Greens, (buyer) and Molly and Kelly trading in First Grade Granny Smith apples as Holy Farm.

Apparently, there was, when considering their verbal and written mail sent by Richard to Holy Farm on August 1 reading as follows –“Please deliver 20 boxes –Granny Smith ‘Brighton Greens’. Cheque mailed.“

It may be seen that the mail order does not specify the category or grade of apples to be supplied, but one of the implied conditions of sale could be that the goods ordered need to correspond with the goods inspected and tested.

In th...
8 Pages(2000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic The Trend Analysis and Future Income Levels in BRIC Countries for FREE!

Contact Us