What if Mexico were to become a bigger economy than Brazil?
In recent years Brazil has outplayed Mexico, growing at 6% or more as Mexico bumped along in the slow lane. But lately that has changed. Last year Mexico grew by 4% and Brazil by 2.7%. This year Mexico is expected to get close to 4% again, whereas some economists reckon that Brazil’s rate could dip below 2%. A recent report by Nomura predicted that Mexico’s economy, currently half the size of Brazil’s, could end up the bigger of the two within the next decade. – The Economist
To get into some detail, in 2011 Mexico had a GDP of $1.15 trillion and Brazil with $2.48 trillion. It seems like a tall order for Mexico to more than double its economy.
But, if you look at certain sectors, like automobiles, Brazil is starting to face some growth problems. Originally, the country grew by exploiting is size, natural resources, and population. In order to keep up growth they will need to expand internationally with products and services.
Last year, Brazilians created 3.4 million cars and exported only 540,000. That is worth $372 million. Mexico, on the other hand, created 2.6 million cars and exported 2.1 million of them. That is worth $2 billion and reflects a growth of 40%. (The Economist)
Mexico may be more ideally situated for growth in the next few decades than Brazil is.
A milestone for Twitter today, according to the Paris-based analyst group Semiocast. The social network has now passed the half-billion account mark — specifically 517 million accounts as of July 1, 2012, with 141.8 million of those users in the U.S., still about half as many users as Facebook has but positioning it as the second-biggest social networking site.
And just as most of Twitter’s users are coming from outside the U.S., so are the tweets: the top three cities in terms of tweets, it says, are Jakarta, Tokyo and London.
If Orange County was a nation it would have ranked among the top 10 in gold medals at each of the past two Summer Olympics. At the 2004 Games in Athens, Orange County athletes won as many golds (nine) as Great Britain, or one more than Brazil and Spain combined. Four years later, O.C. athletes brought home 19 medals, as many as Ethiopia, the Czech Republic and Argentina combined.
Athletes with O.C. ties also produced two of the most iconic moments of the 2008 Beijing Games. Irvine’s Jason Lezak kept Michael Phelps’ bid for a record eight gold medals alive in the 4×100-meter freestyle relay with what has been called as the greatest anchor ever. Phelps later edged Serbia’s Milorad Cavic, a Tustin High grad, by a mere hundredth of a second to win the 100-meter butterfly to equal Mark Spitz’s then-Olympic record of seven golds.
In London, Orange County athletes could put up even bigger numbers.
A record 79 O.C. athletes will compete in the 2012 Olympic Games in London, more than double the 31 who participated in the Athens Games just eight years ago. And unlike some other Olympic hotbeds like Kenya’s Rift Valley or Australia’s Gold Coast, Orange County’s Olympic success is not limited to just one sport. In London, O.C. athletes could win gold medals in as many as nine sports.
The chinese are offshoring their work to find cheaper labor…
The market leading computer manufacturer Foxconn is planning a new $1 billion facility in Indonesia.
The new manufacturing plant will create around 1 million jobs in the region. Foxconn is currently discussing its plans with the Indonesian Ministry of Industry.
Foxconn already operates several manufacturing plants in China and Brazil, where it assembles electronic goods for many of the world’s biggest technology companies.
In a statement released yesterday, the company says it was attracted to Indonesia over Malaysia and Vietnam due to its high rate of economic growth – around 6 per cent a year. It also noted that the region is “sorely in need” of formal jobs, giving it a large workforce used to wages of around $100 a month.
The past decade was all about the BRICs, the massive economies of Brazil, Russia, India and China, which kicked off at the beginning of the new century, boomed and are now slowing like the rest of the developed world. Taking their place is a new group of fast-rising economies promising businesses outsized returns.
The next decade could belong to the CIVETS – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – whose rising middle class, young populations and rapid growth rates make the BRICs look dull in comparison.
Hardly emerging economies anymore – China is the world’s second largest economy and Brazil will take seventh place this year – that their pace would slow down was inevitable.
Now more connected by trade to the developed economies, the BRICs are feeling the same slowdown effects as the developed economies. And, in the case of China and Brazil, they are also wrestling with the strains of their rapid ascensions. Real estate bubbles, currency control issues and hyper-wage inflation are sending global companies elsewhere for growth.
Brazil is forecast to grow a mere 3% this year. China, while still targeting a strong GDP growth rate of 7-8% in 2012, is well off its double-digit rates of the past decade. Russia, meanwhile, which can’t kick its dependency on oil exports and endured the retrograde re-election of Vladimir Putin, may grind out 3.2% growth this year. India is also slowing, with a GDP target of 6.9% growth in 2012, a sharp decline from its 2010 pace of 9.6%.
You make the world tour, have 11 stops around the world and some cash to be made…. so, did ya ever wonder how much it would cost to travel the world tour?
Stop 1 – Gold Coast for the Quikkie Pro – roundtrip airfare, food, lodging, transportation: $2000
Stop 2 – LAX to Melbourne for the Rip Curl Pro: $1500
Stop 3 – Rio, Brazil for the Billabong Pro: $1500
Stop 11 – Hawaii for Pipe Masters $1500
Total cost – $27,000
It’s safe to say, no one is stressed about the costs of travel. Just $27000 to compete…. considering these guys make no less than $77K per year for just showing up and placing =25th, it’s no brainer… they can place last in every event and still show a net profit of 50K …. throw in their endorsements, if any, and they’re all making over a hundred K no matter how bad they surf….