What is it about?
Brazil, Russia, India, China and South Africa (BRICS) has 40 percent of the world population and shares 20 percent of the world’s Gross Domestic Product (GDP). This paper seeks to evaluate business opportunities with the BRICS for Canadian businesses through a framework of global competitiveness. Global competitiveness is tracked over a 16-year period to evaluate each nation’s sustainability. Growth trends are compared over four 4-year periods between the BRICS and Canada. The results show nine areas of potential business, and identified China as the most viable partner for a more sustainable growth. The limitations of the study and recommendations for future research are then proposed.
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Why is it important?
This research is important because there there is a gap in formal studies to identify types of trade between Canada and BRICS. The research approaches business between BRICS and Canada by identifying strengths and weaknesses of each nation's global competitiveness. Canada can help BRICS overcome specific areas of weakness where Canada has the strengths, and vice-versa. The global competitiveness data provides ranking in measures such as governance, finance, education and technology of a nation. These measures provide an objective guide to determining the areas of business where one country can meet the needs of another.
Read the Original
This page is a summary of: Global competitiveness of BRICS and Canada: implications for business, Transnational Corporation Review, May 2019, Taylor & Francis, DOI: 10.1080/19186444.2019.1615360.
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