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(About ZikaVirus Disease).Other threats that should be taken into consideration are the degree to which the country relies on exports for economic success and the threat that deforestation and global warming have on the climate in Brazil.Since their natural resources are their biggest commodity,global warming could have devastating effects on the ability of Brazil to export these items.
GBCA: BRAZIL29FDI AnalysisAlthough Brazil has been a country for longer, inflows of foreign direct investments (FDI) only began to increase during the 1990s.This increase was due to the introduction of the Real (Brazilian currency) in 1994 (Ernst, 2005).This introduction and integration of its own form of currency helped Brazil’s macroeconomy stabilize, creating an environment that was enticing to investors.In response to the increase of FDI into Brazil, the stock of foreign capital inthe manufacturing sector more than doubled during the decade.This was coupled with an increase in manufacturing productivity, giving credit to the idea that FDI increased productivity and competitiveness in Brazil (Schmidt, A.M., Gamerman, D., & Moreira, A.R., 2015).Brazil has maintained its status as active in FDI and international flows since the expansion in the 90s, however not as strong (Dias, Dias, & Hirata, 2014).There have been dips and increases in the inflows and outflows of investment within Brazil.However, Brazil’s expansion strategy can be described as cautious, as its outflow of capital seeks shelter from taxation (Gammeltoft, 2008).It has also been noted that investments from Brazil seem to go towards economies that are doing better than their own (Bruno & Mohamed, 2015).Brazil also seems to favor other Latin American countries and the US as destinations for their own investments, with Chile and Venezuela being among the top recipients (Gammeltoft, 2008).Brazil represents a major source of FDI for the Latin American region and has been listed amongthe top five investors in developing countries (Gammeltoft).ConclusionUltimately, all the cultural and economic factors discussed in this paper intermingle and define Brazil’s social and business culture.It is very important for businesspeople from the United
GBCA: BRAZIL30States to have open communication and guidelines for conducting business with businesspeople from Brazil.Though there are many similarities between the two cultures, there are many different nuances in both (i.e.timing, gestures, greetings, etc.) that can give off the wrong impression.
Running head: GBCA: BRAZIL31ReferencesAbout Zika Virus Disease | Zika virus | CDC.(n.d.).Retrieved from .cdc.gov/zika/about/index.html.Ardichvili, A., Jondle, D., Kowske, B., Cornachione, E., Li, J., & Thakadipuram, T.(2012).Ethical cultures in large business organizations in Brazil, Russia, India, and China.Journal of Business Ethics, 105(4), 415-428.