America 's Largest Economy And The World 's Most Influential Economies

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The past decade has been a great period of growth for Brazil, and with events like the World Cup and Olympics putting it on the map, it is becoming known as a prominent global destination. Brazil is Latin America’s largest economy and the world’s seventh-largest economy with a Gross Domestic Product (GDP) of $2.3 trillion. It is also considered one of the BRIC countries, which consists of China, India, Russia, and Brazil. They are all part of this group due to their promising emerging markets and potential to be a part of the world’s most influential economies. With over 40 million Brazilians escaping poverty in the last 10 years, consumer confidence is at an all-time high. The middle class has risen dramatically, creating a more…show more content…
The Brazilian Government values its growing relationship with the U.S., and in June of 2015, President Rousseff visited Washington D.C. to solidify its commitment to work together to grow trade and investment. President Rousseff unveiled a new infrastructure concessions program in June of 2015. The goal is to upgrade and operate railways, ports, highways, and airports across 20 Brazilian states. The Olympic Games taking place in Rio de Janeiro in the summer of 2016 is generating many business opportunities for U.S. investments and exports for sectors such as agricultural equipment, construction, medical equipment, and transportation. (Doing Business in Brazil, n.d.) This developing country has experienced rapid GDP growth rates and foreign competition in increasing. A growing healthcare market is adding demand for innovative medical devices and the medical imaging equipment I am providing would be beneficial to Brazil’s medical industry. In 2007, Brazilian medical equipment revenues reached around US$ 4.1 billion, with the United States accounting for approximately 40% of the import market. There are very few Brazilian manufacturers who produce advanced medical equipment, which forces Brazil to rely on imports. Hospitals rely on 80% of their medical equipment to be imported because the country does not have a manufacturer providing comparable products. With the Brazilian government
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