Comparison and Contrast of China and Brazil



Comparison and Contrast of China and Brazil

Introduction

In last few decades, world has seen a change in paradigm in regional and international economic system. The countries, which use to dominate the world economics where United States, Germany, Canada, Italy, United Kingdom and Japan. However, these countries still have the edge in global economic scenario, but the new countries which are emerging to take over from these developed countries, are commonly referred to as BRIC nations. This group includes Brazil, Russia, India and China. It is believed by many economists that BRIC, also known as big ...