Essays on Bric

Corruption is a multidimensional phenomenon with economic, political and cultural aspects. Its causes can be a combination of economic, political and cultural factors. Its impact can permeate the economic, political and cultural spheres. Brazil, India and China are countries that belong to the BRICS or the organization of emerging economies. Corruption can hamper the economic growth prospects of these economies. A comparison of corruption in Brazil, India and China provides a deeper understanding of the historical roots of this problem and the implications on the future growth prospects of these countries.

Level of Corruption across Brazil, India and China

A measure of corruption in a country’s ...

Articles review

The article Putin's elite and legacies of Soviet quasi-modernization in contemporary Russia highlight Putin and his clique’s attempt to extend oligarchy in Russia. The Partocracy is the general rule rather than the exception. The scenario depicts a situation whereby the president and the ruling elites control the party and the entire government systems so that the party loyalty and sycophancy are emphasized at the expense of merit. The Putin's Siloviki as the elite cartel is popularly referred is characterized by coercive structures where a combination of force and persuasions are the cornerstones of the administration. As such, the ...

Influence of the Organization of the Petroleum Exporting Countries (OPEC) 2

Economic growth of countries outside the Organization for Economic Co-operation and Development 4 Bric: Brazil, Russia, India and China 5 Trade between non-OECD countries 5 Climate Change Policy 7 The greenhouse effect 7 Strengthening the greenhouse effect 8 Global climate change 8 Oil reserves in the world 10 Influence of the Organization of the Petroleum Exporting Countries (OPEC) OPEC long ago lost its hegemony in the world oil market but remains a major influence on prices against the formidable challenge of US oil shale. OPEC decided she decides to continue producing in abundance not to give more ground to ...

Establishment of BRICS was one of the most significant political events of the beginning of the XXI century. BRICS is a group of five fast-developing countries: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006 during the St. Petersburg`s Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India and China. Before the inclusion of South Africa in 2010, the organization was known as BRIC. For the first time the acronym BRIC was proposed by Jim O'Neill Goldman Sachs`s Bank analyst in November 2001. The sequence of letters ...

Industry: Online Retailing in China

Driving forces of change The innovation and technological advancements are considered as the major drivers of change in the retail industry of China. Furthermore, the preferences of the consumers in China are also found as the driving force of change in the retailing in China. The technological advancement is resulted in the trend of online retailing that is increasing day by day and the competition for the offline retailers is increasing (Lam, Li & Gong, 2013).

Relevant economic trends & forecasts

The online retail market of China has become the leading in the top markets of the world. The online industry of retailing in China ...

BRICS effect on global capitalist economy

The debates about the increasing role of emerging economies became more vigorous since the global financial crisis that became a start for a new global framework with the developing countries surfacing as a major hub. The most attention is given to the economies of Brazil, Russia, India, China and the South Africa (BRICS) that had demonstrated high growth during the last decade against the global recession. The future dominance of the BRICS may shift the economic center towards the multipolar model. Changes in the matrix of competitive forces (finance, resources, technology) lead to a decline in the economic, political ...

The Idea of Commons and Communing

Introduction Ideally, communization is the core pillar of both societal and national coherence. It promotes common interests and sense of mutual ownership of property among members of society. People’s culture is an essential ingredient of communization as it represents people’s ways of life and their attitudes toward life. Culture is crucial in comparing behavioral relationships and characters that constitute a society. Also, belonging to a particular cultural group is a warrant of systematic protection to individual’s existence in a community. Communization entails the cultural transformation in the sense that it brings everything in a community under ...