Brazil A Nation Known For Its Agriculture And Tourism

Introduction Brazil is a nation known for its agriculture and tourism, but it did not obtain the world’s seventh largest nominal GDP simply by relying on those industries alone (World Bank, 2014) . Brazil is one of the largest countries in both Central and South America by geographical area, and by population. Though proud of its traditions, Brazil has embraced and assimilated with American business customs to create a strong partnership. Within this decade, global organizations FIFA and the Olympics chose to locate their events, among all other nations, in Brazil. US based companies such as IBM, Hewlett-Packard, Electronic Data Systems, and Whirlpool have expanded their offshoring activities to Brazil, and even Indian IT based companies†¦show more content†¦The turnover rate in both countries is about 40% in each; compared to a Brazil’s 20% turnover rate for IT professionals (Ball 2008). Businesses would realize lower employee turnover and training cost if they consider ou tsourcing IT to Brazil. With double the turnover rate, companies in India are likely to spend a large amount of resources on hiring and training new employees. Brazil’s lower turnover will allow companies to focus their energy on core business activities. COSTS â€Å"Vacancy is 17.5% with the highest rents going for close to $140 per square foot per year. Sao Paolo: Vacancy is 19.8% with the highest rents going for just under $100 per square foot per year† (Wasserstrum). This offers an accessible space for businesses looking to establish corporate locations. Brazil still has a substantial manufacturing component to its economy, which allow for easy and affordable access lumber, steel, glass and other raw building materials. FINANCIAL- The multitude of financial activities in Brazil are promoting favorable financial forecast. These improvements include addressing and attempting to lower unemployment rates, extending credit lines to Brazilian startup companies, increasing â€Å"foreign currency reserves, â€Å"large budget surplus, and a large trade surplus† (Poele). These actions have created an increasingly stable economy that is appealing to foreign investors. The movement towards globalization will