Comparison of the BRIC Countries

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“Almost the entire world views the BRIC Countries (Brazil, Russia, India and China) as better destinations for investment especially in search of new avenues for economic growth. The four countries are currently the globe’s emerging markets. Being a postgraduate student who is almost graduating and considers building up on my career, the BRICs exhibit themselves as the best destinations and environments with potential success factors for enhancing career wise. Of the four nations, I deem China fit for career development. This calls for the potential differences that settle my interest squarely on China. The differences compare the four countries in political, economical, social and technological aspects as I will argue out on below.

“First, let us have an oversight of some common things that identify each of the BRIC countries. Brazil brags in being among the five most populated nations the world over. It is also positioned the ninth highest GDP worldwide. Russia is ranked seventh of the highest GDP. India on the other hand is fourth highest in the GDP ranking and the second most populated in the world while China is the world’s most populated and ranked fourth highest GDP.

“In respect to career development needs, China exhibits itself as the best destination of all the BRICs as it offers an environment that is accommodation of the aspects in life mentioned above. Politically, it has been stable both in its internal affairs and even external. Its political stability has been of essential contribution towards high living standards for its citizenry as opposed to India and Brazil. China’s policies that govern its revenue collection are favorable for career developments. Besides, the set laws and regulations both in the employment sector and the environment at large are conducive in that they do not suppress career development interests unlike in Russia which is stricter on the foreigners seeking avenues to enhance their careers. For India and Brazil, the laws and regulations employed do not seek to enhance recognition of their education beyond their boundaries. These concerns are essential and dictate the choice of China to pursue development in career among the BRIC nations.

“Trade systems of a country are a reflection of a given country’s political stability and China has been politically stable and not frequent on news regarding political issues or on bad international relationships with other nations. Trade wise, it has kept stability through its diverse trade systems which have been extensive even outside its boundaries. Unlike the other three BRIC countries, China has strong trade ties with many nations and its market is evidently wide across the globe.

“Economically, China is solely dependent on its own and has been growing steadily in its economy. Though Russia is economically fit, it does suffer economically due to its unpredictable population, as well as India and Brazil. None of the BRIC countries has a potential of being a major hub for trade in the world as China. China possesses an economy that is based on its market which is free within the foreign trade regulations compared with the other BRIC nations. China’s economic reforms have also placed it in the best position for career development.

“Through its economic reforms, China displays most realistic and reliable interest rates of the four BRIC countries. This favors investment not only in the foreign market and trade but also in the career development sectors. Foreign exchange rates have also placed China as one of the most profiting nations when the exchanges are based on its currency. This is never seen in the other BRIC nations which have always been left out in the exchange rates markets. Apart from the good exchange rates, inflation is not a serious concern in China’s economic growth as is experienced with the BRIC nations – though to a less extent in Russia.

“In social considerations of the BRIC nations, China has recorded its population as the highest in the world, but this has not been a barrier to any forms of developments. Unlike the other BRIC nations, China has been able to formulate strategies to counteract the same. Health status in China is enhanced with innovations into their rich cultural heritage. In fact, the Chinese have modernized their traditional systems of health practices. Though this appears to be very conservative, India, Brazil and Russia have no innovations in the health sector and they instead rely on China at some point.

“Age distribution among the Chinese is even, ensuring development of good career attitudes through its high population which have created an environment enriched with carrier options and different areas of specialization in opposition to Brazil, India and Russia which have always positioned themselves on their initial specialties. With the high population, safety of the people has been prioritized. Unlike in India with the second largest population in the world, China has boosted its safety measures even in the curricula of most careers to ensure safety for the population. Safety should be emphasized on under all circumstances yet this is not very much considered in the other BRIC countries.

“On the final point, we look into the technological aspect of these four nations and how they are placed into career pursuance. Unlike India and Brazil which rely on the imported technologies, China has gone on its own to invent its unique and automotive devices in major operations, including career development. China is ranked high in technology as compared to the other BRIC nations. The rate of technological change is also high in China, thereby offering the best environment in career development. Apart from that, this comes with a lot of technological incentives which are not available in the other BRIC nations. China therefore is a suitable selection of the BRIC countries for career development.”

WE ACCEPT