Author Box
Articles Categories
All Categories
Articles Resources

Are the BRICs Crumbling Over Free Trade?

February 28, 2012 | Comments: 0 | Views: 216

We all know that the BRICs are; Brazil, Russia, India, and China. They seem to have banded together in a trading bloc to help each other, they all consider themselves fast-moving emerging nations, and they realize with their demographics, vast resources, and growing economies that together they can harvest their synergies and move forward even faster. Yes, looking at these countries as a trading bloc, I would concur, except for one thing.

Each of these nations has challenges of their own, whether it be; inflation, currency, banking systems, corrupt leadership, or the fact that each one of them at times has been less than honorable in free and fair trade negotiations with the rest of the world. Now then, each of these nations has had one or more of these problems over the last decade, and one only has to read Foreign Affairs Magazine, Global Finance, The Economist, or any number of other similar publications to understand what I'm talking about.

Needless to say, all is not well, as per the propaganda from the BRIC nations. Now then, there was an interesting article recently on Terra Daily Online News in the "Trade Wars" section entitled; "Brazil to slap quality control on China goods," by Staff Writers in Sao Paulo (AFP), published on Feb 25, 2012. The article stated;

"Brazil plans to impose strict quality control on imports from China and other Asian nations to prevent the influx of cheap goods," and Brazil stated that the; "border controls would ensure that imports from Asia, particularly China, meet the standards set by the National Institute of Metrology, Quality and Technology (INMETRO) and comply with safety norms applied to domestic retail goods. Products which fail the tests would not be allowed into the country."

It is interesting, that Brazil would step up to the plate so quickly to right what they feel to be a wrong, and the United States refuses to enforce its own regulations on those goods being imported to our country, or the fact that we are being manipulated in less than fair trade practices with our number one trading partner. Okay so, I ask; "are the bricks (BRICs) crumbling over free trade issues?"

Obviously, nothing will ever go smoothly when you are trading goods and services at such a high volume. Each of the players involved in the free market, all the businesses involved, and in this case it gets more complicated with state owned companies that want to get a leg up on the negotiation, and get more for what they are trading. However, until the brick countries agree to trade using a Western style win-win scenario, there will be nothing but turbulence in their transactions. Indeed I hope you will please consider all this and think on it.

Lance Winslow has launched a new provocative series of eBooks on Future Concepts. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank;

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:



Bric Nations


Crumbling Over Free Trade


Free Trade


Fair Trade Practices


Trade Practices



Rather than blame others, take personal responsibility to reduce our dependence on oil by using less of petroleum derived products. Repeatedly we are hearing about oil spills, rising prices on oil

By: Kyles Humphrey l News & Society > Energy l October 17, 2012 lViews: 233

Traditional analysis of debt and deleveraging (the process where households, corporations and governments are forced to reduce their overall debt) is often biased and incomplete. Opinions of how to

By: Ben Esget l News & Society > Economics l August 11, 2012 lViews: 295

In this high paced digital age, it's easy to become displaced from the people and places around you. However, it's important to support your community and your neighbors who live in it, and work hard

By: Monai Gupta l News & Society > Politics l July 11, 2012 lViews: 332

In a bold, unpredictable move, President Obama declared on Monday his desire to extend the Bush-era tax cuts for all but the highest-income earners, by which he means anyone richer than Al and Peg

By: Scott Spiegel l News & Society > Politics l July 10, 2012 lViews: 227

Bipartisanship isn't always sweet. Especially when it comes to the politics of sugar.

By: Larry M. Elkin l News & Society > Politics l July 09, 2012 lViews: 237

In a direct reflection of the financial market's currently unsteady nature, the wholesale energy markets tumbled to a four-month low at the end of May. The bearish market was thanks to the continuing

By: Graham N Paul l News & Society > Energy l July 09, 2012 lViews: 221

Traditional analysis of debt and deleveraging (the process where households, corporations and governments are forced to reduce their overall debt) is often biased and incomplete. Opinions of how to

By: Ben Esgetl News & Society > Economicsl August 11, 2012 lViews: 295

There has been a trend for many governments around the world to augment national budgetary resources by incurring debt. This debt is raised through deficit budgets supplemented by quantitative

By: Ashok Malhotral News & Society > Economicsl April 25, 2012 lViews: 242

Not long ago, I had the opportunity to discuss economic philosophy with something that was less-than-human. Now you might think that this is a negative, but I assure you it isn't. Nevertheless, when

By: Lance Winslowl News & Society > Economicsl April 25, 2012 lViews: 191

The economy suffers when banks concentrate on collecting fees rather than deposits. And on making trades rather than loans.

By: Larry M. Elkinl News & Society > Economicsl April 24, 2012 lViews: 207

Anyone on a budget can benefit using money saving tips. With the uncertain political and economic climate, it pays to turn over a few stones.

By: George Wul News & Society > Economicsl April 23, 2012 lViews: 225

This article discusses the need for having a long-term food supply as part of an emergency preparedness plan during uncertain economic times. No more than ever, this is an issue that needs to be

By: Ashley Buenol News & Society > Economicsl April 22, 2012 lViews: 190

If you are going to write articles online, you are going to inadvertently increase your critical thinking skills. The reason is simple - because as you are preparing an article you are explaining to

By: Lance Winslowl Self Improvement > Mind Developmentl August 02, 2012 lViews: 302

Back when I was in high school and college I was a spectacular athlete, and I'm not afraid to say so now. At the time, it might not been inappropriate, as it would have shown an inflated ego, but I

By: Lance Winslowl Self Improvement > Mind Developmentl August 02, 2012 lViews: 496

Some say it takes brilliance to solve problems, and that may be so. The same folks will tell us that it takes a genius to not have the problem in the first place. Nevertheless, generally speaking

By: Lance Winslowl Business > Risk Managementl July 24, 2012 lViews: 239

Most people would agree that Mother Nature through evolution has done a wonderful job organizing things. There is a food chain, and cyclical events, and all the while all the species on the planet

By: Lance Winslowl Reference & Education > Naturel July 15, 2012 lViews: 218

A few months ago, I was at Starbucks talking to someone about stocks and bonds, he and his wife had worked hard and were worried about the stock market. They wanted something much less risky. He

By: Lance Winslowl Investing > Stocksl July 11, 2012 lViews: 433

Now then, have you ever wondered what's up with our known, sensed, and observed reality - have you ever considered that it all started with a simple plan, or a simple set of rules, much like particle

By: Lance Winslowl Reference & Education > Naturel July 08, 2012 lViews: 313