The economic growth and financial development relating to brazil Essay

The economic growth and financial development relating to brazil - Essay Example The economic potential of Brazil, the strong global demand for its products, steady results from its economic policies and success factors of its major global players have eventually helped the country become one of the brightest starts in the world economy (Brainard, 2009, p. 1- 2) This piece of research paper presents a literature review on the economic growth and financial development in Brazil, based on various economic theory and developmental concepts. This paper analyzes success factors of the economic indicators that helped Brazil become one of the fastest growing economies. Framing the research The macroeconomic concepts regarding Economic growth will be detailed and explained in the paper in order to compare and contrast empirical results and theory in relation to the economic growth in Brazil. Different views regarding economic growth are detailed and these are applied with the case of the economic growth of Brazil. When it comes to Brazil’s economic growth it has very different times of economic growth, one if high rate of economic growth in the early 1960s and 1970s, and relatively less rate of economic growth from 1980s till date. Brazil’s macroeconomic indicators of its economic growth and driving forces are also detailed. The major indicators were productivity, industrialization, investing in people and developing the resources and technological advances. This paper reviews various literatures on these macroeconomic indicators in relation to the economic growth of Brazil. ... potential of Brazil, the strong global demand for its products, steady results from its economic policies and success factors of its major global players have eventually helped the country become one of the brightest starts in the world economy (Brainard, 2009, p. 1- 2) This piece of research paper presents a literature review on the economic growth and financial development in Brazil, based on various economic theory and developmental concepts. This paper analyzes success factors of the economic indicators that helped Brazil become one of the fastest growing economies. Framing the research The macroeconomic concepts regarding Economic growth will be detailed and explained in the paper in order to compare and contrast empirical results and theory in relation to the economic growth in Brazil. Different views regarding economic growth are detailed and these are applied with the case of the economic growth of Brazil. When it comes to Brazil’s economic growth it has very different times of economic growth, one if high rate of economic growth in the early 1960s and 1970s, and relatively less rate of economic growth from 1980s till date. Brazil’s macroeconomic indicators of its economic growth and driving forces are also detailed. The major indicators were productivity, industrialization, investing in people and developing the resources and technological advances. This paper reviews various literatures on these macroeconomic indicators in relation to the economic growth of Brazil. Economic notion of Economic Growth Economists defined economic growth as either: An increase in the real GDP occurring within a certain period of time, or An increase in real GDP per capita occurring within a period of time. Both these definitions indicate that economic growth is calculated as

Cultural Industry Essay Example | Topics and Well Written Essays - 3000 words

Cultural Industry - Essay Example CULTURAL INDUSTRIES Cultural industries are considered to be integral parts of any society and its demonstration and appreciation of aesthetic qualities. The firms providing cultural and aesthetic products have gained much popularity over the last few decades and have recently been termed as industries. Ever since then, more and more firms have entered the production and distribution of cultural production within the boundaries of capitalism. Development of a profound understanding of cultural industries is crucial for the purpose of distinguishing it from other industries producing and distributing traditional goods. It is also important to delineate what products or firms should not be included in the domain of cultural industries. The term 'cultural industry' denotes several aspects of both the words 'culture' and 'industry'. The debate associated with this term generally encompasses the boundaries that could put a firm or industry into the realm of cultural industries. Also, the combination of word culture with industry makes one get into the understanding of conflicting nature of arts and capitalism. Associating the word industry with culture entails a combination of both the aesthetic and capitalistic notions. Garnham elaborates that in cultural industries, "symbolic forms are in general produced, distributed, and consumed in the form of commodities and under conditions of capitalistic market competition and exchange" (2000, p39). Cultural industries implicate a group of firms that are involved in the commodification of notions such as arts, culture and aesthetics in a pure capitalistic manner. From production to distribution, cultural industries remain... The researcher of this essay states that in modern times, most of the goods and services being produced are given a touch of artistic aesthetics while considering consumer tastes, styles and fashions. This blurs the differentiation between cultural and traditional products for the consumer. This essay begins by defining cultural industries through various aspects and draws them apart from traditional industries. It also divides the conception of cultural products into two distinct categories viz. entertainment and fashion. Finally, the researcher of this essay elaborates the impact that capitalism can have on the promotion and free flow of pure cultural products because of cultural industries. When culture is combined with industry or the notion of capitalism i.e. production and distribution of arts for the purpose of profit, which is mainly achieved through branding and other aspects of marketing, it has profound impact on the promotion of artistic genre. The researcher aims to argu e that not every commercial product can be categorised as cultural a product, because there is a fine and visible line that differentiates these two entirely distinct sectors. The researcher also argue that commercialisation or industrialisation of cultural products hampers the flow of artistic work to consumers in the purest form. In conclusion, the researcher states that commercialisation of cultural products through capitalistic means of marketing and branding has the capacity to restrict the free flow of art from artists to the consumers.