Chapter 4 – IB News Assignment

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Choose a country from the Big Emerging Markets list below. The list is obtained from the Market Potential Index (MPI) for Emerging Markets in the globalEDGE website (globaledge.msu.edu).

Chapter is on: Differences in Culture
Brazil

You will be doing the IB News Assignment on the same country throughout the semester.

Your assignment is to follow the International Business news about the country you chose. You are to find and briefly summarize and analyze an article that is related to the topic of each chapter we are covering in the unit. Your analysis should reflect a good understanding of the concepts in the chapters up to this point. You are required to use reliable sources (ex: The Economist, Business Week, scholarly articles, etc.; Wikipedia is NOT acceptable) and cite them in the APA style. You may also post the article in addition to providing its reference.

You cannot post the same news about the same country that a classmate posted earlier in the week. Several students may choose the same country, just make sure you do not post the same article.

You are welcome to comment on each others postings and enhance your learning experience.

How to reach reliable sources?
Through the 

International Business Research GuideLinks to an external site.

.
ABI/INFORM, globalEDGE, Factiva are some of the databases that will be useful.

How to cite sources in the APA style?
Go to the 

Citing ResourcesLinks to an external site.

 tab in the International Business Research Guide.

Running head: NATIONAL DIFFERENCES IN POLITICAL, ECONOMIC & LEGAL SYSTEMS

NATIONAL DIFFERENCES IN POLITICAL, ECONOMIC & LEGAL SYSTEMS 3

National Differences in Political, Economic, and Legal Systems

Name

Institution Affiliation

National Differences in political, economic, and legal systems

Brazil

The political differences in country are usually described in terms of democratic versus totalitarian and collectivism versus individualistic. Brazil has a democratic political system whereby the citizens are directly involved in the decision making. Totalitarian is the opposite of democracy where one person or political party has authority over all the citizens in the country. Brazil is a federal presidential constitutional republic that is dependant in representative democracy. The federal government has three arms which are legislature, judiciary and executive where the president heads both the country and the government.

The economic system of Brazil is mixed and is characterized by the free market mechanisms. Like most emerging markets there are certain sectors in the economy that are left for private sector while the remaining are controlled by the government. The legal system in Brazil is based on civil law which is established under a set of laws that are organized into codes.

The article from BBC Business online looks at the troubles facing Brazil’s economy. The writers Daniel Gallas & Daniele Palumbo outline some of the key figures that suggest that the economy is not moving forward. The key figures include; no economic recovery in sight, unemployment issues, debt and weak currency and stock market. The article suggests most of the current economic problems facing Brazil have been brought by the current political system. The president bears most of the blame with some of his decisions being questioned and bearing the bulk of the blame. Politics has also been blamed for the stagnant economy while other reasons include poor government decisions, government blunders and lack of leadership in congress. Analysts though believe that the economy will start growing from 2020.

References

National Differences in Political, Economic, and Legal Systems. (2017). International Business Competing in the Global Marketplace 11th edition Hill solutions Manual Chapter 2.

Daniel Gallas & Daniele Palumbo. (2019). What’s gone wrong with Brazil’s economy? BBC Business. Retrieved from

https://www.bbc.com/news/business-48386415