Destination Recent Development for Study Trip Essay

Destination Recent Development for Study Trip - Essay Example spite various advantages that the economy is facing at the recent time, still a careful evaluation is required in order to enhance its growth potentials in the future. International business in Brazil International business describes the overall business transaction occurring between two nations. The objective of every international business transaction is to increase the sales and reduce the amount of risk. BP is reported to increase its business with Brazil in order to produce ethanol from sugarcanes. The company also wants to increase it’s the share in the Bio fuel company in Brazil which is named as Tropical BIO Energia (BP global, 2011). In order to strengthen the countries business relation with the immigrants, the â€Å"Chattanooga area chamber of commerce international business council† is supposed to plan a meeting on 22nd of September (The Chattanooga.com, 2011). Following the regime of globalisation and privatisation, Brazil has been successful in encouraging inflows of private investment in many sectors. In terms of internet development, Brazil is among the most promising nations. Sale of E commerce has doubled over the years. The electronic business sales have also increased in recent times. The mobile phone company in Brazil has expanded too over several years. As per the reports of National telecommunication Agency, a tremendous growth in the data market had taken place. The Anatel statistics reveals that the telecom market plays an important role in increasing the revenue of the nation (The economist, 2011). Recently there has been an agreement between Brazil and America to expand the mainstream business in telecommunications such as the mobile and online business. Previously the combined ventures between the nations have helped in expanding business... Brazil is among the fastest growing economies of the world. The Brazilian economy together with China, India and Russia forms the BRIC nations, which is predicted by the Goldman Sachs to the global powers by 2050. Brazil encourages various foreign investments and is also the major recipient of foreign direct investment. Brazil’s growth potential and high rate of interest makes it an attractive destination for the investors. It is however believed that despite various advantages that the economy is facing at the recent time, still a careful evaluation is required in order to enhance its growth potentials in the future. BP is reported to increase its business with Brazil in order to produce ethanol from sugarcanes. At present Brazil comprises of 37% of the pharmaceutical company of Latin America. Following the regime of globalisation and privatisation, Brazil has been successful in encouraging inflows of private investment in many sectors. Companies all over the world are willin g to expand their business in Brazil due to its excellent market opportunities as well as fine climatic conditions Most of the international services, fraternal and social organisations are present in Brazil.