Emerging markets

A severe problem that the Judicial system of Brazil faces is the lack of Judges which is responsible for causing a backlog of cases. Yet another problem with the court is lack of fair and speedy trial. The lawyers cause the cases to drag. They do it mainly for two reasons: they feel it produces a more favorable decision, and they are paid by the amount of time they spend on a case Legal Restrictions: A company should work with the Ministry of Development, Foreign Commerce and Industry if it is planning to invest in Brazil.

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In order to accomplish the creation of a fair and competitive industry, the telecommunications company has more regulations to comply with the National Telecommunications Agency. Once they have been approved by the monetary authorities, it should also come up with the floating exchange rates after negotiating with the Brazilian Central Bank. The company after filing these investments through the Central Bank Information System can invest in the Brazilian Real.

The company can also let in its foreign capital back to the home country without withholding income tax but the capital gains over the initial amount re subjected to a withholding income tax calculated at 15%. Brazil has strict labor laws. Companies must promise workers a 44-hour work week, , vacations, maternity leave, at least the minimal salary, unemployment insurance, accident insurance and retirement benefits, to mention a few. Social and Cultural Environment: The people within the Brazilian culture make up the largest population in Latin America and the fifth largest population in the world with almost 179 million inhabitants (7).

The population of Brazil is one of the most mixed populations, in terms of ethnicities, in the world. Fifty-three percent of the population is made up of European decent from Portugal, Germany, Italy, Spain, and Poland. The second most populated group within Brazil is people of mixed European and African decent, which make up 38% of the population. The next 9% of the population is made up of African, Asian, Middle Eastern, Indigenous, and Messiest decent. Brazil came about in 1500 when Portuguese explorer, Pedro Cabal “discovered” Brazil.

At that point the indigenous people were a relatively small group, but were forced into slavery by the Portuguese. Some speculate that due to the indigenous’ inability for hard labor, laves were imported from Africa to further aid in what the native Brazilian people could not do (25). Ruled by Portugal for three centuries, Brazil did not gain its independence until 1822 (6). Role of social institutions: In terms of educational system, Brazil is quite similar to the United States (5).

There is pre-primary, secondary, and post-secondary education. Brazier’s education system is not one of the best within Latin America, but is improving nonetheless. In recent years, the president between 1995 and 2000, Fernando Henries Carrots, has quality offered. Brazilian students now drop out less often and illiteracy rates, as well as years repeated, have decreased. Although the education system within Brazil is improving, there are still budget limitations that do not allow the education system to progress as the government would like.

When operating within Brazil, it is important to know that unlike the United States, Brazil puts more emphasis on family than on the work place. According to an interview conducted with Jan Farina, one typically stays pretty close with their parents and even lives with them until marriage in many cases (26). She also commented that the work place typically is not the life of the individual; it is simply looked upon as something the person must do to be able to provide for his or her family.

Basic things to know about Brazilian Culture: Never eat with your hands, it is considered unhygienic and even things like pizza or sandwiches are eaten with utensils. Always drink from a cup, never from bottle or can. Manners are always expected and most importantly, when in Brazil, do as the Brazilian do Philosophy and Beliefs: Brazil places family first, but still holds business in high regards. When doing business within Brazil it is important to know how one should interact with their colleagues.

Some important things to know when conducting business are: Meetings for business tend to be punctual, but social gatherings are scheduled at times that can be subject to change. This implies that Brazilian are rarely on time. Another thing to know about social settings is that a guest may stay for hours at a time, thus one must be prepared to make conversation (1). When greeting and leaving a Brazilian colleague, individuals should give lengthy handshakes. Once the allegations is established, hugging the other person is appropriate (7).

When invited to a home, gifts such as fine chocolates, champagne, or a nice bottle of liquor are usually recommended as acceptable gifts. Gifts for children are also a polite gesture. It is important to keep in mind when giving gifts, that the colors purple and black are used for mourning. Knives symbolize severing a relationship, while handkerchiefs represent grief, so it is not recommended to bring those gifts (7). Generally speaking, Brazilian are happy people who like talk and embrace each other. As suggested in a Joking tone by Jan Farina, “They don’t worry about the rules. Religion is taken seriously within Brazil. Due to its cultural diversity, Brazilian culture contains multiple religions. The dominant religion with 73. 6% of the population is Roman Catholic, while Protestant has the second most followers with 15. 4%. Making up the last part of the Brazilian religion is Spiritualists, Bantu/ Voodoo, and other unspecified religions (6). Government and the church are closely tied in Brazil. In some cases, political reform changes the way in which the church teaches, and other mimes the churches teachings affect the government.

According to Mall Than in her book about females within Latin American cultures, she claims that government represents a change in the social thinking because Brazil was first of the Latin American countries to legalize divorce and grant women full legal agency (29). But crime. One concept synonymous with Latin American culture is the idea of machismo, or the idea of a male-centered society, but that is progressively changing within Brazil (25). In 2000, Brazilian women had an average 2. 2 children as opposed too woman in the sass who averaged 6. Children.

This may be related to the number of women working in the sass compared to now. Currently, women make up 36% of Brazilian workforce (6). Education also changes a woman’s reputation. The more educated a woman is, the more respected she will be (5). In Brazil, most people tend be slightly more cultured than Americans. Their expression comes from the art of music and dance, which can be both be influenced by various instruments such as drums, horns, whistles, strings, and Portuguese wood-winds. Africa influenced many of the dances and rhythms found within Brazilian culture.

Some of the most popular nuances in Brazil are the samba, boost nova, and the lambda (32). The dances become even more unique, when each region of Brazil adds their own variations (6). One of the most famous celebrations within Brazilian culture is Carnival. Carnival is a huge street event that takes place in ROI De Jeanine for four days. During these four days, Brazilian have great time with their friends by dressing up in costumes, dancing, and drinking. This celebration acts as ways for Brazilian to show case their vibrant heritage (26).

Living conditions: A typical Brazilian diet would consist of rice, beans, salads, and barbeques. Barbeques are different from the way Americans generally think of the term, in that a larger cut of meat is used, and may be seasoned. As described in Jan Farina’s interview, the Brazilian diet seemed much healthier even when comparing the typical fast foods of Brazilian and American culture (26). In terms of health, Brazier’s average amount spent on healthcare is higher than other Latin American countries, but it still has problems. The healthcare is distributed unequally between the upper and lower classes. Because services are inadequate, most middle- and upper-class Brazilian ay for medical insurance, often through contracts between their employers and private healthcare insurance companies… Brazier’s poor health indicators reflect widespread poverty [and] inadequate sanitation (11). ” When dressing in Brazil, it is important to remember that the climate is tropical. Typically pants and shirts for men, or skirts and pants for women, are accepted in everyday attire, but it might be better to wear a fabric that breathes a little more.

In the business setting, suits are expected for males and females and the colors of the suits can vary. Males should member that ties are usually only worn for upscale occasion. Females have a lot more freedom in clothing choice. For example, a business woman is expected to dress in colors and make-up that are vibrant, although if one is foreign a bit of restraint is recommended (7). As discussed above, dancing is quite popular within Brazilian culture. Many children are taught how to dance at a very young age and dance clubs are quite a frequent hang-out spot for younger people (26).

Another thing popular within Brazilian culture is soccer, or football, which is accepted as the national sport and generally great source of Brazilian pride. The official language of Brazil is Portuguese, while there are some regions that speak German, Italian, Japanese, Korean, or one of the 195 indigenous languages. Eighty percent of Brazil speaks Portuguese, but like any culture, there are other ways to communicate other than speaking. When communicating face to face, it is important to remember that Brazilian have a closer range of proximity. They are also more talkative than in the United States.

The symbol for “K” within the United States, circle the index finger and thumb, is considered to be quite vulgar in Brazil. A humbly of good luck would be to place one’s thumb between their index and middle fingers while making a fist is national symbol known as the “fig” (7). Technological and Economic Environment: From all the indicators of the exports/imports and the economical structure of Brazil we can conclude that at the present time it is a stable country as far as the economy, with sustainable growth, low inflation and a strong industrial sector as well as services.

All this does that cooperation in SST with the EX. is important as there are wide margins of maneuvers in concrete sectors which correspond to new industrial areas: ; Motor Vehicles (motor vehicle manufacturing, with its related auto parts production) ; Aircraft and Aerospace Industries (construction of satellites and the launching of space vehicles) ; Manufacturing (high-technology goods such as computers, mobile phones, etc. ) ; Service Industries (transport, communications, banking, finance, retail, etc. ; Communications (communications satellites, television, radio and telephone systems). For these reasons some S&T and Innovation sectors are of special importance in the cooperation between the EX. and Brazil, like: ; Advanced material Nanotechnology ; Biotechnology ; CIT ; Food technologies ; Energy etc. As Brazil needs to strengthen them to export products of major technological components and more added value, which is totally in agreement with the new policies regarding Science and technology and those of industrial development impulse by the government of President Lull.

Brazilian funding for research, development and innovation (Public and Private Sectors): Brazier’s RED intensity of GAP in 2006 is quite low by COED standards, although it exceeds that of Portugal, Turkey, Poland and Mexico (see next Table). Among some non-COED countries, its R&D intensity is below that of China and Russia, but higher business expenditure on R&D at 0. 49% of GAP. Brazil is one of the leading non-COED recipients of foreign direct investment, and around 60% of patent applications at the Brazilian patent office come from non-resident inventors.

The latest complete EIA statistics for all countries (2010) indicate Brazil is the 8th largest energy consumer in the world and the third largest in the Americas, behind the United States and Canada. Total primary energy consumption in Brazil has increased by more than one third in the past decade because of sustained economic growth. EIA 2010 statistics show Brazil is the 10th largest energy producer in the world. In addition, Brazil has made great strides in increasing its total energy production, particularly oil and ethanol.

Increasing domestic oil production has been a long-term goal of the Brazilian government, and recent discoveries of large offshore, pre-salt oil deposits could transform Brazil into one of the largest oil producers in the world. Total Brazilian energy consumption grew to 1 1. 7 quadrillion British thermal units (Btu) in 2011. The largest share of Brazier’s total energy consumption comes from oil and other liquid fuels (47%), followed by hydroelectricity (35%) and natural gas (8%). Additionally, Brazil is consuming increasing amounts of biomass in both the residential and industrial sectors.

Exports and imports: The United States imported 187,000 able/d of Brazilian crude oil in 2012 and has been Brazier’s largest crude oil export destination for the past decade. According to the NAP, Brazil exported nearly 550,000 able/d of crude oil in 2012. The United States imported 187,000 able/d in 2012 and has been Brazier’s largest crude oil export destination for he past decade. According to customs data, China was the second largest customer, at over 121,000 able/d, followed by India at over 91,000 able/d in 2012. In 2011, Brazier’s liquid fuels consumption surpassed its liquid fuels production for the first time since 2007.

Brazier’s economy grew rapidly in 2011, driving up fuel demand. At the same time, reduced ethanol production and rising ethanol prices caused Brazil to import additional supplies of refined products from the United States. EIA projects that consumption will continue to be greater than production up through 2014. According to the NAP, Brazil imported nearly 470,000 able/d of refined product in 2012 of which 166,000 able/d came from the United States. Brazier’s imports of product from the United States rose 6% from the previous year and increased 219% compared with the level five years earlier.

According to customs data, Argentina was the number one exporter of products to Brazil in 2012, followed by the United Doing Business in Brazil: For policy makers trying to improve their economy’s regulatory environment for business, a good place to start is to find out how it compares with the regulatory environment in other economies. Doing Business provides an aggregate ranking on the ease of doing business based on indicator sets that measure and benchmark regulations applying to domestic small to medium-size businesses through their life cycle.

Economies are ranked from 1 to 189 by the ease of doing business index. For each economy the index is calculated as the ranking on the simple average of its percentile rankings on each of the 10 topics included in the index in Doing Business 2014: starting a business, dealing with construction permits, getting electricity, steering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.

The ranking on each topic is the simple average of the percentile rankings on its component indicators (see the data notes for more details). The employing workers indicators are not included in this year’s aggregate ease of doing business ranking, but the data are presented in this year’s economy profile. The aggregate ranking on the ease of doing business benchmarks each economy’s performance on the indicators against that of all other economies in the Doing Business sample (figure 1 . 1).