Brazil Under Lula: Off the Yellow Bric Road Essay examples

Growth of the manufacturing industry is now the largest contributor to Brazil’s exports comprising of 45%. The manufacturing industry and other large industries that contribute to Brazils exports have allowed for Brazil to increase GDP levels from 385Million in 1980 to 2.4 Trillion in 2010.

The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.

This case focuses on Brazil's development strategy since World War II and on the change of the economic model following the debt crisis of the 1980s. At the time of the case Brazilian officials are deciding whether regional integration or globalization offer the best route to economic prosperity and development. This case illustrates the challenges that developing countries face in defining trade policy. It also introduces the role of regional trade blocks as an alternative to globalization. At the current time regionalism seems to be very much in vogue and seems to be much more likely to be the basis for future trade system changes than comprehensive trade treaties.

Since 2000, Brazil has significantly improved its economic performance. Strong global demand and high prices for its commodity exports resulting

Today Brazil with a GDP of $2.533 trillion is the 7th largest economy in the world and it is also considered as one of the most successful emerging countries. Despite all predictions, thanks to its huge domestic market and agriculture, the country maintained its growth in 2009 and 2010.

Much like the U.S., Brazilian culture is extremely diverse. Brazil’s current population of 190 million represents various nationalities from European to African (Country Facts). Brazil has an extremely diverse culture with some common pervasive threads that grouped together give Brazil a national identity.

Brazil is a leading emerging economy in the world today. Other economies in this category include; Russia, India, South Africa and china excluding Hong Kong and Macau. There has been a real transformation in the Brazil economy in the 21st century. The country 's location is in Latin America and is one of the motivating economies in the world market. It has experienced rapid growth, price stability, and fiscal responsibility (Czinkota 2010).

Brazil’s President, Lula da Silva, talked to Geraldo about how he believes globalization cannot continue because countries need to care for interests of their own people. He says that does not mean closing borders, however. Geraldo does understand this situation, but he sees how French car workers are paid 2000 Euros a month, US employees are paid around a $4000 a month, and Brazil makes around $650 a month. Geraldo also worries about the

developed in a peripheral country as Brazil was introduced in a large and central market

Stretching over 2,500 miles form east to west and 2,700 miles from north to south, Brazil is the world’s largest tropical country. The only nations that are larger are the lands of Russia, Canada, China and the United States. Brazil has more then 150 million people spread unevenly over its huge land area, making it the fifth most populated country in the world. (Encyclopedia.com) More then two thirds of Brazil’s people live in the cities and towns and more then 29 percent of them are in the ten cities with more then a million people. These include the metropolitan area of Sao Paulo with more then 15 million people and Rio de Janeiro with more then 9 million people. The rural population is mostly concentrated on the East Coast or

NE Brazil has long lagged behind the rest of the country in terms of technology and income. However, economic reforms instituted by Finance Minister Cardoso has seen the

The primary question that Brazil faces as it moves into the 21st century is whether the Brazilian style of capitalism, which harnessed their economy towards growth as a developing economy, is sufficient to drive them as a developed country. Averaging 3.8% GDP growth over the last decade, this transition seems inevitable; Brazil has shifted from an agricultural giant to a country in which 90% of the population works in the industrial and service sectors. However, as they make this conversion, they must examine their economic policies to ensure that they are still applicable and advantageous. For example, Brazil must keep promoting their industrial policies. Brazil may fall back into a commodity-driven economy if raw

The BOP of Brazil (exhibit 5) shows that since 2000 the country was constantly a net exporter until 2014. The profile of its exports consists mainly of raw materials such as crude oil, iron, raw sugar, soybeans, etc. The collapse of commodities prices (exhibit 9) in the middle of 2014 reduced the ability of Brazil’s economy to end 2014 with a positive current account. The fall of oil prices also strongly contributed to that and Brazilian economy finished 2014 with a deficit in the Balance of goods of nearly $ 4 billion. Brazil’s GDP as expected finished 2014 with just 0.1% growth, announcing that tough times would follow.

There are many significant change in the world economy occurred, marked by globalization each country has different speed of development under different political and cultural background. During this period, Such as the United States of America 's economic status from the rapid development to the decline, then move to the current stable trend. Brazil, Russia, India, China, which named ‘BRCIS’ those developing countries’ economic performances are very catch the attention in recent years. The decline and rise of these countries ' commercial economy are closely related to their political culture. Therefore, it attracted the attention of scholars and research circles.

The Washington Consensus was developed by John Williamson as a series of recommended policy reforms, supported by the International Monetary Fund (IMF) and the US Treasury. It has now become a form of checklist for reforms that are promoted to developing countries in order to achieve certain economic conditions that would arguably make them more likely to experience economic growth and development (Noah Zerbe 2013). The rise of the BRICS countries is a significant topic in the international arena as the previous distinction between the developed and developing worlds was the considerable gap in the levels of economic growth and development experienced by both, however, the BRICS are now argued to be creating a shift in economic power from the North and West, to the South and East of the world (Ikenberry 2011). This is due to the strength of their economic growth and development in the past few decades that have led speculators to argue that the BRICS are laying the groundwork for a new world order (Ikenberry 2011). The focus of this essay will therefore concern whether the BRICS achieved this feat through the implementation of policies recommended by the Washington Consensus, or whether it was due to more unorthodox reforms; with emphasis being placed on the cases of China, Brazil, India, and Russia.