BRAZIL: A BRIC'S ECONOMIC GROWTH, AND
ITS RECENT FDI HISTORY IN FLORIDA
ROBERT W. ROBERTSON **
CARLOS TASSO EIRA DE AQUINO *
* Research Chair, Center for Workplace Diversity Research, School of Advanced Studies, University of Phoenix.
** Dean, Central Florida Campus & Research Fellow, Center for Workplace Diversity Research School of Advanced Studies, University of Phoenix.
This paper describes the current levels of economic growth in the Brazilian economy, one of the BRIC countries (Brazil,
Russia, India, and China), presenting a historic overview of the country's economic growth in the past years, as well as the
evolution of some macroeconomic indicators. Brazil's participation in international organization forums, such as the IMF
and WTO, are included in this paper. The country's inflow and outflow Foreign Direct Investments (FDI) in recent years are
also discussed and examples are given to illustrate the current trend of investments in different markets, with an emphasis
on the USA and the State of Florida, in particular.
Keywords: Foreign Direct Investment, BRIC, Brazil, Florida, Emerging Economies, Multinational Companies.
Goldman-Sachs, would be wealthier than most of the
The BRIC represents a concept developed by Jim O'Neill
major economic powers at the turn of the 21st century by
(2001) from Goldman Sachs, and included in a paper
2050 (Figure 1).
titled “The World Needs Better Economic BRICs.” It referred
From 2000 to 2008, these countries increased their
originally to a group of emerging economies composed
economic output from 16 to 22% of the world's total,
of the following countries: Brazil, Russia, India, and China,
representing 40% of the global population, while
with South Africa being added to the list in a re-evaluation
occupying over a quarter of Earth's land area.
of the concept in December 2011. Those emerging
During the 21st century, the BRICs...