BRICS Business Magazine English Edition No.2(6)
“If this river does not originate in the Terrestrial Paradise, it comes and flows from a land of infinite size to the south, of which we have no knowledge as yet…” reads a passage from Christopher Columbus’ letter to the Spanish king and queen, in which the explorer speaks of the Orinoco River, signaling his arrival not to another island, but to another continent. Over 500 years have elapsed since the admiral’s third voyage, yet the world is still discovering South or, more precisely, Latin America.
Trade turnover, measured in billions and thousands of joint enterprises set up by other emerging-market countries in Mexico, Brazil, Chile, Argentina, Venezuela, Peru, and Colombia, must be duly acknowledged as a serious achievement. At the same time, however, this pales in comparison to the capabilities offered by Latin America, its markets, capital, ideas, and people. As is often the case, we lack knowledge and, likely, decisiveness – but you cannot have one without the other. The fact that major corporations have already rolled out operations in the territories Columbus discovered knowing nothing about Mercosur import tariffs is hardly a laughing matter.
Of course, it cannot be said that the outside world is to blame for all of the unimplemented projects rather than Latin America itself. Willingness to collaborate must be continually confirmed by actions. Analyzing how others perceive you is also crucial. Yet our task for the immediate future is to once again discover Latin America. We have long extolled its virtues as a recreation destination, but it is time to embrace its business potential.
The Chinese authorities bank on liberalisation of financial markets, seeing this as a way to overcome the economic threats that are plaguing the country. However, free markets are capable of quickly bringing about an even more acute crisis in the country compared to what the world was facing back in 2008.Opinion
Is it a new hip trend? A good investment idea? Or is it a system capable of saving the human race? Today the notion of sustainability is interpreted too broadly. Pierre Casse and Gazmend Haxhia talk about what it really means and share their experience of implementing sustainable projects, citing Albania as an example.Opinion
The $400 billion gas supply deal signed in May by Russia’s Gazprom and China’s CNPC will bring long-term benefits to both countries. Not only does it secure the resource-hungry Beijing a major source of cleaner fuel, but it also opens up the world’s most promising energy market to Moscow, enabling it to ease its dependence on hydrocarbon exports to Europe and drill in remote territories of the Far East.Opinion
Until recently, most Latin Americans answering this question would not hesitate to choose happiness. However, after a decade of unprecedented economic growth, locals in this region seem to have reached the conclusion that one does not necessarily preclude the other.Latin America
Much could still be done to strengthen Russia’s ties with Latin America. Indeed, despite the fact that mutual trade has more than doubled over the last 10 years and now exceeds $19 billion, the current volume of gross trade accounts for just a tiny fraction of Russia’s international trade.Latin America
After roughly one year in office, Mexican President Enrique Peña Nieto still has a lot to do about his state’s full-fledged transformation agenda. It was established by the Pact for Mexico, an agreement signed in December 2012 by the state’s major political forces. In a panel discussion with former Dominican Republic President Leonel Fernández at the World Economic Forum on Latin America held in Panama this April, President Peña Nieto discussed the role the reforms will play in boosting Mexico’s economic growth and their impact on the entire region’s prosperity.Latin America
They might not be as visible outside of Latin America, but these 10 leaders are shaping one of the youngest and most dynamic parts of the world. BRICS Business Magazine presents a selection of 10 influential individuals in the region, unsung ambassadors who are determining the face of modern-day Latin America.Latin America
People often have the idea that Latin America is one homogeneous environment. Yet the vibrant and varied countries in the region have just as many differences as they do similarities. Each culture has particular geographic, historical, political, and economic backgrounds that have combined to make them the way that they are today.Latin America
Panama and Nicaragua will be able to take over the most vital transit corridor in the global trade between the West and the East as early as the end of the next decade. Whether this will become reality depends on the success of the ambitious construction projects and the modernization of maritime transport canals promoted by the local authorities. Competition between them will also decide the distribution of profits derived from the transit of goods through these routes, the level of which is likely to reach $1.4 trillion by 2030.Latin America
Shaping a demanding and dissatisfied society that would not let itself be manipulated – this is the main objective of culture according to Mario Vargas Llosa, recipient of the 2010 Nobel Prize in Literature. He always has a couple of kind words to spare when it comes to modern-day Latin America, its enterprising middle class, and even politicians. However, as the conversation drifts towards culture that has transformed itself into entertainment – it gets more complicated.Latin America
Vladimir Vasiliev: “Now it seems hard to believe, but I immediately found myself trusting him and agreed.”
When the idea to set up a Bolshoi ballet school in Brazil first came about, Vladimir Vasiliev was Artistic Director of the Bolshoi Theatre. It was he who decided to open the first and only Bolshoi ballet school outside of Russia. At BRICS Business Magazine’s request, he agreed to share his emotional account of the project.Latin America
Competition in the global aircraft-building market is no longer limited to individual countries, but has grown into massive international alliances and transnational corporations. Mikhail Pogosyan, President of the United Aircraft Corporation (UAC), believes that for BRICS countries to become prominent players in the industry, it would behoove them to combine their efforts, competencies, and resources. In an interview with BRICS Business Magazine, Pogosyan discusses how Russia is building partnerships with other BRICS countries in the aircraft industry.Business
A reliable, economically efficient, and sustainable electrical power supply is a key strategic objective for any modern economy. The fastest way to address this issue is to integrate power grids from different countries based on the ‘smart grids’ concept and technology seen across Eurasia. The two largest BRICS countries – Russia and China – are perfectly capable of undertaking a joint project of this kind, and should do so as soon as possible.Business
Despite a litany of prophecies from renowned economists threatening a new crisis, the Chinese market still remains attractive to foreign companies, and largely unexplored. But what do the Chinese themselves think about foreigners? And what sort of insider tips could be beneficial to foreign players? BRICS Business Magazine discussed these questions with Willie Li, Deputy Head of Nantong Sijian Construction Group – a company with a turnover measured in billions of dollars that built tens of millions of square meters of real estate. He gladly agreed to share his expertise and insights.Business
Last year will enter history as the year when China surpassed the United States and became the largest e-commerce market in the world. The experts paint the profile of a typical Chinese online shopper and provide insights on how this consumer trend can make businesses money.Business