NEW ECONOMIC POWERS - Assignment Example

New Economic Powers A country’s stage of development is immensely significant towards export orientation of the nation because it manifests its economic growth over a period of time. This is the way through which a country is able to sustain its progress and showcase its truest form through policies which shall further its quest to achieve excellence overall. Countries like China, India and Brazil are doing their best to move towards an export orientation mechanism because it ensures that they stay ahead of their competing nations as well as show a will to break the clutter through cheap prices, dependability in business practices and operations, and so on (Muthiah, 2010).

These are some of the most sought after names in the business world, and since their populations are dense, they are able to come ahead with little ease as a great amount of cheap labor is available - this allows China, India and Brazil to depict success. Export orientation definitely depends on a nation’s stage of development since it suggests the kind of imports coming in and exports going out of its shores (Sibanda, 2011). However, this requires a great amount of persistence and effort by the governments of these countries because they are the ones who decide the relevant course of action that has to be adopted within these lands.

In essence, these countries are doing all that they can to make sure that their economic progress comes about in an easy manner, without much difficulty (Quer, 2010). Export orientation is inherently a powerful approach because it sets the ball rolling for bringing an upheaval within the economic settings and allows the people to understand that they must connect globally rather than remaining locally driven.BibliographyMuthiah, K 2010, CHINDIA – the changing times of China and India bilateral relations, Management Research Review, vol. 33, no. 1, pp. 23-40.Quer, D 2010, Doing business in China and India: a comparative approach, Asia-Pacific Journal of Business Administration, vol. 2, no. 2, pp. 153-166.Sibanda, K 2011, Differences between high- and low-performing exporting firms in a developing country, Advances in International Marketing, vol. 21, pp. 207-228.