A Study On The Brazilian Performance - 2760 Words

The topic of emerging economies has been hot over the past decade or so, most notably the emergence of the group of countries known as the BRICS nations (Brazil, Russia, India, China and South Africa). Growth rates in these economies far exceed that of more developed nations. In 2011-2013, BRICS economies posted average growth rates of 4.11% compared to 1.37% in developed economies (Lukov, 2010). By 2020 all BRICS should be in the top 10 largest economies in the world, and by 2050, they will be the most important economies, relegating America to the 6th largest economy in the world (The BRIC countries: Brazil, Russia, India and China, 2010). I have chosen to concentrate my study upon the Brazilian performance. I have chosen to do so as in†¦show more content†¦The method chosen to answer these questions, is a simple regression model. With this system, the determinants of GDP can be tested to see which variable has played the most significant role in increasing economic growth within Brazil. This then allows me to delve deeper into the reasoning behind the causation of the significant variable, scrutinizing government policy recent trends in the economy which may cause the variable to become most significant player in economic growth. Of course the other key variable of economic growth will not be ignored, and shall be analyzed alongside the key determinant. The variables upon which indicates economic growth are created using quantitative methods, as stated above, using various data from the WTO , the UK Data service, WDI and the IMF . By analyzing data between the time period 2000-2013 (latest available data), I aim to show the main causations of growth in Brazil, as ultimately growth occurs over time. Ultimately current and past policies will be analyzed and the effectiveness of these will be proven throughout the paper. [brief paragraph on findings] Following this introduction, I will undertake a critical literature review (section 3). Section 4 aims to prove why the current economic performance of Brazil and other members of the BRICS is an important topic. This will lead onto section 5 where I shall look at possible models the Brazilian government examined when setting growth