Challenges facing Brazilian economy in the emerging market: Future trade opportunities for Malaysia
This paper presents the literature on international trade theory and practice with the intention of analyzing the trade opportunities between Malaysia and Brazil given the economic situation in Brazil and Malaysia. The literature relates to the discussions on the trade relationship and patterns between Brazil as one of the BRICs countries, and Malaysia as one of the developing countries. This paper also reviews expectations for the Brazilian economy in the next few years and what challenges awaits Brazil ahead. The aim of this paper is to explore the Brazilian economic situation and identify the trade opportunities for a country developing country like Malaysia. The literature review was supplemented by an interview done with the Malaysian Consul and Trade Commissioner of MATRADE in Brazil. The findings include some guidelines and suggestions for different categories of trade possibilities targets for Malaysian enterprises to tap the Brazilian market. Participating in Trade Fair and exposing the Brazilian to ‘Made in Malaysia’ products are among the recommendations concluded for this research.
Keywords: Brazil’s Economy; Malaysian Trade; International Trade; International Business