The term BRIC is a prime composition of four leading nations where it is together entitled as a grouped form of Brazil, Russia, India and China. These are stated to be the four large developing nations that are eminent than the host of other emerging states in terms of merchandising. It is basically in configuration to their potent economic and demographic traits that are ranked to be at a number one position in the world (Absell, 2015). They are together evident to reflect an ample and most authoritative economies in 21st century with a reasonable possibility of realizing it. Along with which, these four nations comprising BRIC countries are also referred to consist of more than 2.8 billion people that is 40% of the total world’s population.
It thus covers much more than a single quarter of the world’s total land area which is over its three largest continents that accounts more than 25% of worldwide GDP. The current survey is carried to critically analyse the pros and cons of these nations as a way of outlining its varied technical advancements that is being done at the cost of earths natural resources (Armijo and Katada, 2014). It is thus apparent to probe its associated cons where these emerging nations are anticipated to dominate the globe in terms of supplying and manufacturing commodities by the end of 2050. It is however with a segregated clause of two nations namely Brazil and Russia who are expected to lead the world in terms of supplying raw materials. Wherein, India and China will predominate by supplying manufactured products and services.
1.2 Rationale of the study
A prime reason behind conducting this investigation is “To critically examine the pros and cons of BRIC countries to developed and underdeveloped nations”. It is together associated with some other main agendas in terms of acknowledging some of its relative considerations. In context to which, the pros are being reflected as technical advancements that are continually taking place in the emerging nations of BRIC (Di Vita, 2015). However, it is occurring at the cost of damaging the natural resources of earth by together impacting upon the overall surrounding. This research work has thereby intended to make a close scrutinization of both these positive and negative dimensions of the emerging states of BRIC. It is anticipated to support in the removal of such pessimistic attributes of BRIC nations. For which, this interrogation has together focussed on applying some relevant business models like PESTLE and SWOT on each of these countries. It is basically done as a way of identifying their prevalent state with a prior scope of succeeding towards an affirmative development of all these nations.
1.3 Research aims and objectives
A prior aim of this study is “To critically examine the pros and cons of BRIC countries to developed and underdeveloped nations”. This is further followed by some well defined objectives that are as mentioned below-
- To determine the pros of BRIC countries to developed and underdeveloped nations as a way of addressing technological advancements in the human race.
- To identify the cons of BRIC countries to developed and underdeveloped nations with regards to the damage to earths natural resources and environment.
- To ascertain the aspect of trade off among technical advancement and damaging environment.
- To recommend some effective ways by which the BRIC countries can reduce the negative impact of technological advancement on environment.
These queries are hereby based upon the above formulated aims and objectives of the study and are as stated below-
- What are the pros of BRIC countries to developed and underdeveloped nations by addressing technical advancements in the human race?
- What are the cons of BRIC countries to developed and underdeveloped nations by depicting the damages to earths natural resources and environment?
- What are the facets of trade off between technical advancement and damaging environment.
1.4 Analysis and framework
This section has depicted an analytical framework of this research work as a way of defining its conceptual structure. In context to which, the current interrogation is explanatory in nature where the researcher has intended to examine the pros and cons of BRIC countries to developed and underdeveloped nations. This will hereby necessitate the investigator to explain the prevalent measures of BRIC with some definite evidences (Gray, 2013). This design is together apparent to identify some other relative traits of BRIC nations as a way of assisting a directional trade in the countries with productive outcomes. Apart from which, a deductive research approach has together been employed by the surveyor over here as a way of moving from general to specific direction. It is with a fundamental state of the investigation topic where the entire study is based upon a prime identification of the pros and cons of BRIC countries to developed and underdeveloped nations in terms of trading.
For which, an interpretivism philosophy has been undertaken here as a way of obtaining the a relevant set of data and comparing it with realistic scenario. Along with which, a reliable set of data has been gathered from both primary and secondary resources where the primary information is referred to gather from a targeted set of respondents by designing a well structured questionnaire (Grieco, Ikenberry and Mastanduno, 2014). Whereas, the collection of secondary data has been done from genuine set of books, journals, magazines and online publications that has ultimately reflected the base of the study. Additionally, a purposive sampling has been done to proportionately distribute the respondents with a sample size of 5 expertise of trade industry. In whose accordance, a qualitative evaluation of data has been done over here with distinct formation of themes that will represent the acquired responses from the responders.
1.5 Structure of the dissertation
It is basically in order to carry out the investigation in an effective manner where this in turn necessitates the investigator to prosecute a directional format with a prior intent of timely achieving the defined goals of the study. With reference to which, below is the outlined structure of the present investigation that will be followed by the surveyor:
Chapter 1 Introduction: It represents the foremost chapter of this dissertation that has referred to provide data in regard to justify the chosen topic of the research. It has covered some principle areas of investigation that has involved background, rationale, aims and objectives, research questions and its analytical framework, etc. Moreover, this chapter has together assisted in giving a pertinent idea with respect to the chosen subject matter of the survey by discussing upon the BRIC nations and there related pros and cons to developed and underdeveloped nations.
Chapter 2 Literature review: It has represented the second unit of this thesis where distinct examination have been carried out by the researcher as a way of acknowledging varied views of the authors on an analogous research topic. This chapter has largely aided in secondary collection of data from different books, journals, magazines and online publications by eventually responding to all its framed research questions.
Chapter 3 Research methodologies: This has represented another significant chapter of this survey where some prime decisions have been undertaken by the investigator as a way of selecting appropriate tools and techniques for conducting the recent study. Wherein, the surveyor in the present research work has referred to both primary and secondary measures of data collection. It is by further analysing the data through qualitative techniques with a deductive approach as a way of succeeding towards its anticipated goals.
Chapter 4 Data analysis: It is depicted as the fourth chapter of this thesis into which the obtained outcomes of primary data collection have been assessed. For which, the current investigation has framed several themes based upon the acquired answers of the respondents portraying qualitative set of informations has been evaluated.
Chapter 5: Conclusion and recommendations: It is depicted as the final unit of this dissertation where it has further corresponded to the derived findings of the research. Furthermore, it has together postulated the investigator to confirm a prime attainment of the undertaken objectives of this survey by together defining some of its additive facts and verdicts. On whose basis, further recommendations have been conferred by the surveyor as a way of proposing certain effective ways in which the BRIC countries can tend to reduce the negative impact of technological advancement on environment.
The above unit has outlined the introductory part of this thesis as a way of exhibiting a justified research topic that has been chosen to carry out the entire study. In context to which, it has hereby articulated the background of the survey by together describing the rationale of the study, aims, objectives and questions of the research. Lastly, it has together described the analytical framework of thus investigation with an ultimate part named structure of the dissertation that has clearly defined the format of the study required to be pursued by the surveyor.