gdgdgdklf ldglkjdslfk

gdgdgdklf ldglkjdslfk

ARTICLE
BRAZIL: A BRIC'S ECONOMIC GROWTH, AND
ITS RECENT FDI HISTORY IN FLORIDA
By
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.

ABSTRACT
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.
INTRODUCTION

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...