How Globalisation Influence Policies and Decision Making on Brasil Case Study

How Globalisation Influence Policies and Decision Making on Brasil Foods - Case Study Example A country like Brazil with a strong agriculture-based economy has certainly made the rapid transformation in the agriculture field and in other important sectors as well largely due to the derived benefits of globalisation. One of the primary benefits which can be obtained developing nations from globalisation is the influx of greater amount of Foreign Direct Investment (FDI). Brazil also took a courageous step concerning this aspect by permitting 100% FDI in the major sectors like retail, oil, gas, iron and steel among others. This external influence of globalisation has facilitated an economic boom in Brazil in the past decade. Due to the positive influence of globalisation, the disposable income and purchasing power parity aspects have also augmented substantially which can be noticed from the expansion of the economy by 7.5% in the year 2010. In terms of another crucial external influence of globalisation, it is observed that foreign workers belonging to varied income levels have started to come to Brazil, which has certainly enabled to boost the country’s economy. In terms of internal influences of globalisation on Brazil, it is observed that by the year 2010 the nation had transformed into one of the foremost exporters of food in the world. The initiatives such as deregulation and privatisation have played a pivotal part in the economic emergence of Brazil. These factors have substantially been influenced by globalisation as the privatisation and deregulation are meant to attract greater investment in the nation which can facilitate overall development (McGraw-hill, n.d., Bell & Kindred, 2012; The Times 100, 2013).