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Globalization In Brazil Case Study

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Introduction The concept of Globalisation is not a new one and has been around for more than a millennium. For instance, the Silk Road connected more than a sixth of the planet and spanned from the east to the west—tracing its begins from the Han Dynasty. Therefore, the integration of global economies is an old concept, but what stands out is the dynamic impacts the concept has on modern global business. The globalisation phenomenon has frequently been alluded to by economists and politicians alike. The extreme transformations in the political, social and economic environment, all across the globe, cannot go unnoticed. The world economies are now interdependent as more of them share labour, capital, goods and technology. This circumstance is occasioned by the increasing amounts of international trade, the flow of financial capital and the increased mobility of the factors of production. The growth of infrastructure in global …show more content…

Nonetheless, globalisation has fundamentally changed Brazil. Brazil is the largest economy in the South American region, and because of its size, it possesses great market potential. Brazil ranks, together with China and India, as the country with the highest predicted development potential for the ensuing 25 years. Dreher, Gaston and Martens (2008) posited that the best way to measure and define globalisation is by dividing its effects into a political, social and economic aspect. The aim of this essay is to evaluate the impact that globalisation has had on Brazil. This impact would be investigated through the three dimensions: economic, political and social. The task of the essay involves looking at the effect of globalisation on the Brazilian economy and how the nation of Brazil fits into the global economy. Furthermore, it will outline how the people of Brazil have been affected by this

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