Brazil is both the largest and most populous country in South America. It is the 5th largest country worldwide in terms of both area (more than 8.5 Mio. km2 ) and habitants (appr. 190 million). The largest city is Sao Paulo which is simultaneously the country's capital; official language is Portuguese. According to the WorldBank classification for countries, Brazil - with a GDP of 1,5 bn. US $ in 2005 and a per capita GPD of appr. 8.500 US - can be considered as an upper middle income country and therefore classified as an industrializing country, aligned with the classification as one of the big emerging markets (BEM) next to Argentina and Mexico. Per capita income is constantly increasing as well as literacy rate (current illiteracy rate 8%). Due to its high population rate (large labour pool), its vast natural resources and its geographical position in the centre of South America, it bears enormous growth potential in the near future. Aligned with an increasing currency stability, international companies have heavily invested in Brazil during the past decade. According to CIA World Factbook, Brazil has the 11th largest PPP in 2004 worldwide and today has a well established middle income economy with wide variations in levels of development. Thus, today Brazil is South America's leading economic power and a regional leader.
Cultural Analysis of Brazil
Due to its history Brazil is a multicultural country (intercultural disparity index of 143 = very high, based on Hofstede's cultural dimensions). Especially in the 19th and 20th centuries it attracted over 5 million European (mainly German, Poles, Italy, Portugal and Spain) and Japanese immigrants that today shape the culture of Brazil. Moreover, Brazil has a large black population, descended from African salves brought to the country in the 16th until the 19th century, mainly from Angora, Nigeria and Togo. Today the Japanese are the largest Asian minority in Brazil, and...
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