The place of the BRICSAM countries in international business

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The place of the BRICSAM countries in international business

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Abstract

The four major emerging countries of the BRIC, which aim to gain influence on the world stage, met for the first time at a summit in Yekaterinburg, Russia, on June 16, 2009. This is a report of the famous investment bank Goldman Sachs 'Dreaming with BRICs: The Path to 2050', published in 2003. BRICs is an abbreviation that means Brazil, Russia, India and China.

This study aimed to show that the economy of these countries would have to grow rapidly by 2050 to catch up with today's major economic powers, the United States, Japan and the European Union. With the development of other countries underway, the BRICs have also brought new acronyms: BRICSAM, including South Africa and Mexico.

What is the place occupied by these newly emerging countries in the world market? Also, what strategies have they adopted for integration in order to compete with the dominant economic powers?

Tags: BRIC, Russia Summit 2009, Emerging economies

Introduction
Additional countries experiencing a sustained growth
The emergence of regionalism in economic relations of BRICSAM
Towards a liberalization of trade and investment tour to more developed countries
1. Timid initiatives in bilateral relations
2. Claims not always consistent
Conclusion

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[...] In addition, BRICSAM demanded better representation in international institutions, including the IMF and the strengthening of emerging organizations including: G20, G5 + 8. Conclusion The weight of BRICSAM has increased considerably in international relations in recent years . In fact they actively participate in global trade and are now recognized within the G20. Through regional integration and marked bilateral agreements, BRICSAM want to create strategic and political alliances rather than develop their trade and thus boost their exports. With the emergence of new economic centers, can we say that the world has become "multi-polar"? [...]

[...] However, despite a desire to form stable economic relations with the developed countries, their focus is on cooperation between them. E.g.: a trilateral alliance between India, China and South Africa. The BRICSAM is trying to position itself as a spokesperson with developing countries in order to have a greater influence in multilateral negotiations. Claims not always consistent: On the one hand, the new bilateral and regional agreements aim to strengthen their position as a regional leader and spokesman of the developing countries, and on the other, the BRICSAM cannot use these negotiations to promote and disseminate their standards at Global level. [...]

[...] The BRICSAM countries want that their leadership is maintained and recognized in their area by other countries. These alliances are created for the future multilateral agreements and in order to ensure political and also economic stability in their region. These countries have undeniable economic weight, which has long centered on regionalism, and gradually start to integrate the developed countries in their trade relations. Part Towards a liberalization of trade and investment tour to more developed countries: In a context of increasing bilateral agreements, BRICSAM gradually planned to establish agreements with developed countries even if a certain contradiction exists between words and deeds Timid initiatives in bilateral relations Since the creation of the WTO in 1995, the number of bilateral agreements continues to grow. [...]

[...] With the development of some countries, the BRICs have also brought new acronyms, such as BRICSAM, including South Africa and Mexico. The rise of these countries is mainly due to the internationalization of trade (through the creation of the WTO in 1995, which succeeded the GATT 1948, whose objective was to eliminate obstacles to free trade). These countries are part of the WTO. China has been a member since 2001 and Russia is actively engaged in the accession process. International trade refers to the flow of goods and services being exchanged between national economies. [...]

[...] What is the place of these new emerging countries, and their specific characteristics, on the world market? Also, what is the integration strategy which they have adopted in order to win against the major economic powers? While BRICSAM made their entrance on the international stage by adopting a strategy gradually they developed trade with developed countries through bilateral agreements (II). Part The adoption of a new integration strategy, distinct from that taken by developed countries: BRICSAM which represents the former developing countries, is experiencing significant growth and has established itself on the international markets through regionalism Additional countries experiencing a sustained growth: Although the component BRICSAM countries have different characteristics, they share the ability to reform. [...]

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