Question

What is the global competitiveness of Brazilian multinationals. Does the fact that Brazil has a pretty closed economy influence their global strategy?

Answer 1

Global Competitiveness:- The Global Competitiveness is a index published by World Economic Forum. The report indicates the ability of countries to provide high level of prosperity to their citizens.

Global Competitiveness of Brazilian:

Several indicators present that the global competitiveness of brazilian manufactured goods is low and diminishing. Only one national company Embruer has been successful in global competition. Brazilian companies can become competitive globally against several odds, if they develop advanced, specialized production factors.

Closed economy of Brazil:- A closed economy means one economy which has no trading activity with outside economies.
Brazil is an unusually closed economy of the world. Often the size of Brazil used to explain the country's relative closeness. Brazil has less number of exporters relative to the population. Brazilian exporters have a high survival rate. In Brazil, its labour shortages and rising purchasing power maintain the productive activities.
So we can say that a pretty closed economy influence their global strategy.