emerging markets
Introduction:
With a population of 194 million, Brazil is the 5th most populous country and also the 10th largest economy in the world having an impressive GDP of US$1,314 billion. It is also the largest market in the Caribbean and Latin America. The existence of rich natural resources in abundance and a reasonably advanced industrial base provides Brazil with competitive advantages. Because of these factors, Brazil has also succeeded in becoming the leading recipient of foreign direct investment (FDI) in Latin America. The total inflow in 2007 was around US$35 billion.
The uniqueness and achievements of Brazil can be summarized in the table below:
However, the above competitive strengths and remarkable achievements are not fully speculated in Brazil’s performance till date in terms of better living conditions for its citizens, economic growth rates and enhanced competitiveness. Brazil registered an average annual growth rate of around 3.9% for the period 2003–2007. On the other hand, fellow BRIC countries China, India, and Russia had a growth rate of about 10.8%, 8.6%, and 7.3%, respectively.
Also, Brazil’s income distribution comes under one of the most unequal in the world, indicating to the fact that the country’s huge potential has not yet been converted into increasing the prosperity for all the natives of Brazil. However to make up for all its negatives, Brazil was the first country in the Latin American region to recover from recession. It was also one of the earliest among the G-20 countries to have done so by following a 1.9% quarter-on-quarter increase in economic activity from April to June, 2009. Although, the export sector continues to struggle, as the global environment remains difficult, the strength of domestic demand has prompted the economy of Brazil to the start of a recovery.
History:
The country of Brazil was first discovered in the year 1500 by Portugal. However, it became an independent country in the year 1822,
With a population of 194 million, Brazil is the 5th most populous country and also the 10th largest economy in the world having an impressive GDP of US$1,314 billion. It is also the largest market in the Caribbean and Latin America. The existence of rich natural resources in abundance and a reasonably advanced industrial base provides Brazil with competitive advantages. Because of these factors, Brazil has also succeeded in becoming the leading recipient of foreign direct investment (FDI) in Latin America. The total inflow in 2007 was around US$35 billion.
The uniqueness and achievements of Brazil can be summarized in the table below:
However, the above competitive strengths and remarkable achievements are not fully speculated in Brazil’s performance till date in terms of better living conditions for its citizens, economic growth rates and enhanced competitiveness. Brazil registered an average annual growth rate of around 3.9% for the period 2003–2007. On the other hand, fellow BRIC countries China, India, and Russia had a growth rate of about 10.8%, 8.6%, and 7.3%, respectively.
Also, Brazil’s income distribution comes under one of the most unequal in the world, indicating to the fact that the country’s huge potential has not yet been converted into increasing the prosperity for all the natives of Brazil. However to make up for all its negatives, Brazil was the first country in the Latin American region to recover from recession. It was also one of the earliest among the G-20 countries to have done so by following a 1.9% quarter-on-quarter increase in economic activity from April to June, 2009. Although, the export sector continues to struggle, as the global environment remains difficult, the strength of domestic demand has prompted the economy of Brazil to the start of a recovery.
History:
The country of Brazil was first discovered in the year 1500 by Portugal. However, it became an independent country in the year 1822,