Thesis: Economic Geographies of Contemporary Brazil

Pages: 8 (2634 words)  ·  Bibliography Sources: 15  ·  Level: Master's  ·  Topic: Literature - Latin-American  ·  Buy This Paper

SAMPLE EXCERPT:

[. . .] The infrastructure and service was provided for and controlled by the state.

However, this economic system has changed by wide and far and Brazil has warmed up to and embraced capitalism as many other countries have done. This is compliance to the world culture that is postulated in the polity theory. In the new economic system, the investors in Brazil are free to make their own investment decisions and choices according to the changes in the market trends and setting. This has been observed to work for Brazil and they continually borrow a lot from the Western countries in a bid to ensure that their economy is and remains to be strong and prosperous (Ted Goertzel, 2008).

Technically, the world polity refers to the political structures, cultures and associations at an international level with an aim of having a homogenous world culture through the policies and associations like the NGOs, an idea which is very apparent in the Brazilian economy and the political leadership and trends.

The economy of Brazil and the World culture theory

Under this theory, globalization is viewed as a compression of the world into a single unit and the intensification of the world consciousness in totality. This theory emphasizes on ensuring that the participants in the globalization process become aware of the idea of living in the world as a single unit or entity. Compression of the world and the conscious view of the world as a single entity is the main focus in this theory (Kathryn M. Anderson-Levitt, 2003).

Here, there is a dissolved autonomy of the member states but rather a connection of the various member states and a constant stimulation of the connection among them. The members are therefore under pressure to adopt an identity that is similar and relative to the new global whole. There is homogenization of culture, globalization of ideologies, technology as well as social globalization. The biggest odd here is the combination of the cultural diversity with cultural uniformity since the world is plural.

There is an influence in this system that runs across the member states in that, the new unit that arises in the world order takes shape relative to the others that surround it. There is also a lot of emulation in that the member states pursue their goals in comparison with the other member states, taking up some common yardstick as a means of measurement (Yu Xitian, 2010).

This has been achieved in the economic sector of the Brazilian people and the Latin America as a whole since there are trade trends and the economic changes that are in tandem with the various first world countries or the Western countries.

There is always a pursuit of economic stability and social provisions like the Western countries and that is why, in order to be as competitive as other economies in the world, Brazil had to change their economic system so that it fits the common system in the world. It has highly encouraged foreign direct investment which saw Brazil take up a significant 23.5% of all the direct foreign investment flowing into the Latin America and Caribbean areas in 2005 (Celio Hiratuka, 2008).

There is also the availability of world known brands and products that are dominating the market in Brazil, an indication that the world culture has had influence in Brazil. These are the brands that are doing well in the international markets like the coca cola brands, HP, Nike and unilever which takes up a whole 18% share of the detergent market among many others (SlideShare Inc., 2011) all these supported by the liberal market structure that has been adopted by the Brazilian government. These are the brands that drive the economy of the particular sectors that they are concerned with like technology, food and beverages, clothing and so on. The globalization of the governance system has also shown that the universal beliefs can be concretized in Brazil.

It is then appropriate to insinuate that the Brazilian economy and that of the Latin America has had substantial share of the world culture influence and the economy is driven pretty much like the international standards. This is further supported by the fact that the governments there are becoming less controlling over the types of investments and the external investors that troop to the region due to the available large consumer base.

Conclusion

There are various ways that the economy can be looked at in terms of the trends it follows and what influences it. For the development of any country in the modern society, the three discussed theories and even more are vital in the explanation and study and possible direction giving of the economies. However, it is worth noting that the theories more often than not give the framework and that is why they are highly overlapping and one is bound to find the qualities discussed in one still existing in the next theory with just slight adjustments or variations.

References

Celio Hiratuka, (2008). Foreign Direct Investment and Transnational Corporations in Brazil:

Recent Trends and Impacts on Economic Development. Retrieved May 29, 2011 from http://ase.tufts.edu/gdae/Pubs/rp/DP10HiratukaApr08.pdf

FAO, (2011). Agriculture in Latin America and the Caribbean. Retrieved June 5, 2011 from http://www.fao.org/Wairdocs/TAC/X5789E/x5789e02.htm#TopOfPage

Frank Lenchner, (2001). Globalization Theories. Retrieved May 30, 2011 from http://www.sociology.emory.edu/globalization/theories01.html

Jose Carlos Wong Davila, (2011). Market structure, competition and intermediation in the banking industry. Retrieved June 5, 2011 from http://www.wiwi.uni-frankfurt.de/kolleg/alumni/wong/efficiencycompetition.pdf

Juan De Onis (2000). Brazil's New Capitalism. Retrieved May 30, 2011 from http://www.foreignaffairs.com/articles/56050/juan-de-onis/brazils-new-capitalism

Kathryn M. Anderson-Levitt, (2003). Local Meanings, Global Schooling: Anthropology and World Culture Theory. New York: Palgrave Macmillan. Retrieved June 1, 2011 from http://books.google.com/books?hl=en&lr=&id=ljnVaMMiD1AC&oi=fnd&pg=PP11&dq=culture+theory+and+brazil&ots=8e8QXTeYva&sig=R38Klc9DCa8fE64tw-QNbsPU98E#v=onepage&q=culture%20theory%20and%20brazil&f=false

Merrriam Webster Incorporated, (2011). Definition of Economic Geography. Retrieved May 29,

2011 from http://www.merriam-webster.com/dictionary/economic%2Bgeography

Meyer, John W. (1980). The World Polity and the Authority of the Nation-State. Pp. 109-137 in A. Bergesen (ed.), Studies of the Modern World-System. New York: Academic Press.

SlideShare Inc., (2011). Unilever Brazil Case. Retrieved May 29, 2011 from http://www.slideshare.net/prakhar2809/090430unilever-brazil-casestephan

South American Experts, (2011). Brazil's Favela Conditions Improving. Retrieved May 29, 2011

from http://southamericanexperts.wordpress.com/2010/03/25/brazils-favela-conditions-improving/

Ted Goertzel, (2008). Making Capitalism Work: The Brazilian Model. Retrieved June 1, 2011

from http://www.brazzil.com/articles/197-october-2008/10126-making-capitalism-work-the-brazilian-model.html

The World Factbook, (2011). South America: Brazil. Retrieved June 1, 2011 from https://www.cia.gov/library/publications/the-world-factbook/geos/br.html

Yu Xitian, (2010). Combining Research on Cultural Theory and International Relations.

Retrieved June 1, 2011 from http://asrudiancenter.wordpress.com/2010/05/11/combining-research-on-cultural-theory-and-international-relations/

Wallerstein,( 1974). The Rise and Future Demise of the World-Capitalist System: Concepts for Comparative Analysis. Comparative Studies in Society and History 16: pp.387-415. [END OF PREVIEW]

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