China and Brazil, members of the so-called BRIC (Brazil, Russia, India, and China) group, have strengthened their relationship this week and that will lead to greater trade among the two nations.
As iProceed research has shown, there is no likelihood that the United States will stop being the world's largest economy any time soon (after all with all the sad stories coming out of Japan for almost 20 years now, it is still the world's second largest economy), the growth opportunities are clearly elsewhere. And China is one of the most exciting markets right now. (Related article: Growth pendulum shifting out of the US)
But mind you, while iProceed is bullish about growth prospects and opportunities in the BRIC group, these are not the easiest countries to do business in. In the Transparency International's report on corruption perceptions, all four countries are literally at the bottom of the pack. On a scale of 1 to 10, none of them scores even a 4.
Recommended article: Growth opportunities in China
As iProceed research has shown, there is no likelihood that the United States will stop being the world's largest economy any time soon (after all with all the sad stories coming out of Japan for almost 20 years now, it is still the world's second largest economy), the growth opportunities are clearly elsewhere. And China is one of the most exciting markets right now. (Related article: Growth pendulum shifting out of the US)
But mind you, while iProceed is bullish about growth prospects and opportunities in the BRIC group, these are not the easiest countries to do business in. In the Transparency International's report on corruption perceptions, all four countries are literally at the bottom of the pack. On a scale of 1 to 10, none of them scores even a 4.
Recommended article: Growth opportunities in China