owth analysis has shown, that 50,3% of whole economic growth in Brazil is dedicated to growth in capital (62,5% in Russia), only 0,6% to growth in labour (0,1% in Russia ) and 49,1% to technology growth (38% in Russia). The most important part of GDP in both countries is household consumption (61,5% Brazil and 44,5% Russia). Government spending, gross investments and import share are similar, but major difference is made in export. Russian s export share in GDP is 32,5%, when Brazilian s is just 14,32%. Between middle income countries Russia is unusually open and connected to other world, but they are still not WTO members. During the crisis the decline in output in both countries is due to fall of gross investment (- 41% RUS and - 10,2% BRA). Brazilian export more than doubled and Russian export more than tripled from 2000 till 2009. Russian export is mostly based on petroleum and gas. Brazilian export is more diversified, but major changes happened in 2009 when revenues from primary goods export overtook manufactured goods export earnings. Especially export of iron ore (17% of total export) increased. Brazilian number one trading partner is China. In the future observed countries can become more similar, with taking into concern oil foundlings in Brazil.
References
1. Romei, V., Wheatley, J. (2010, 1. November). Chart of the week: Brazil s shifting export structure. Beyondbrics, found in May 2012, on website: # "justify">. United Nations, Commodity Trade Statistics Database (COMTRADE)
. Chetwynd, G. (2011, August). Brazil's strong currency bnefits consumers but punishes business. The Gaurdian, Rio de Janeiro, found in May 2012 on website: guardian.co.uk
. Cunha, A., Prates, D., & Filho, F. (2011). Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies? PANOECONOMICUS, 2011, 5, Special Issue, pp. 693-714.
. Russian Federatrion Federal State Statistics Service (ROSSTAT)
6. Instituto Brasileiro de Geografia e EstatГstica
. Banco Central do Brasil
. ILO G-20 Country briefs The russian federation s Response to the Crisis, # "justify"> 9 . A pathifinder report found in May 2012 on # "justify"> 10. Ahrend, R. (2006). How to sustain growth in a resource based economy? The main concepts and their application to the Russian case, Economic ...
