In the early 2000s BRICs — Brazil, Russia, India and China, were all the rage when talking about global expansion. Today these markets may not be the sure things they appeared to be when Goldman Sachs Asset Management coined the term BRICs a decade ago.
LINK: BRIC Countries – Background, Facts, News and Original Articles (globalsherpa.org)
Part 1
Research why the BRIC markets may become less advantageous international markets.
- Present at least one internal factor in each country that may be leading to its less preferred global status.
- Discuss at least one external factor for each country that may lead to a downgrade in its status
Your analysis must be substantiated by research from professional and graduate-level resources such as the course text AND articles from the link above. Use of consultant or other inappropriate sites is banned and may result in a zero for the assignment. Since you are engaging in research, be sure to cite the source(s) in APA format.
Part 2
The Next Super-Charged Markets
Before BRIC, there were the Four Asian Tigers: Hong Kong, Singapore, South Korea and Taiwan that experienced incredible growth from the 1960s through the late 1990s.
Research at least one market that the experts say will be the next top prospect for international trade. Provide background on why the market was chosen and what areas of commerce are likely to be successful over the next decade.
Answer each question, 300 words for each part and references