Brazilian Offshoring Sector Essay Example | Topics and Well Written Essays - 1250 words

brazil nutian Offshoring Sector - Essay ExampleAccording to the Milken Institutes current Capital Access Index, Brazil has improved capital access for its entrepreneurs with the intent to stimulate the nations economic growth (LBC para. 1). In addition, the Brazilian offshoring sector is characterized by better access to human capital. The encase study clearly indicates that the pastorals ICT-related technical and graduate courses generate nearly 100,000 graduates annually. According to functionary data, Brazilian universities produced over 220,000 graduates in 2008. Access to R&D and Technology The Brazilian government gives picky concessions to the countrys R&D and technology sectors. To illustrate, the government provides companies with 50% excise tax decrement to purchase R&D equipment and 100% reduction to import software development materials. Brazils R&D expenditure in the 19972002 period was abundanter than that of India. The Brazilian Federal Government gives finical attention to technology and considers software and IT services industry as strategic. In addition, the Brazilian Development confide offers extensive credit facilities to foster technology projects. Capabilities Brazil has a fast growing economy receptive of making the country an attractive destination for global investors. Information technology has been well developed in Brazil and it represents approximately 7% of the countrys GDP. ... nline business sector, Brazil is the largest market in Latin America and the countrys online market grew by 20% over the last year to 40.5 meg users (European Travel Commission para. 11). The case study reflects that the countrys total ICT market reached $139.1 billion in 2008. The Brazilian market is export oriented and pays specific attention to global brand performances. The government places great emphasis on the countrys domestic market so as to ensure the sustainability of its traditional industrialists. Regulatory Framework While analyzi ng the countrys regulatory framework, it seems that Brazil adopts a friendly come near to foreign companies. The case study notes that Brazil has the highest Regulatory Quality index as compared to other acclivitous economies such as India and China. This situation provides outsourcing firms with a favorable business environment in the country. In addition, the countrys lowest FDI Restrictive Index Scores claim that it is one of the most open economies for FDI. civilisation While considering Brazilian culture, it is observed that many Brazilian companies face challenges in handling the countrys English proficiency. This situation persuades Western companies to refrain from outsourcing jobs and businesses to Brazil. From the case study, it is clear that the Brazilian culture attaches great enormousness to teamwork in software development projects. In addition, Brazilian culture is closer to that of the West in terms of race, religion, and family lifestyle. Hence, Brazilians can better understand Western business rules and market environments (Case Study 8). 2. Unlike the case of India, Brazil developed its software sector mainly to meet the needs of its domestic firms. Evidence suggests that Brazilian IT companies take for