Brazil World Trade Essay

3993 Words16 Pages
Brazil World Trade

From the 1500’s to the 1930’s the Brazilian economy relied on the production of primary products for exports. For three centuries Brazil’s economy was heavily curbed because since Portugal discovered Brazil, they subjected it’s economy to an imperial mercantile policy or a strictly enforced colonial pact. Even though Brazil received its independence in 1822, Portugal’s phase of decisions left a lasting, powerful imprint on Brazil’s economy and society. In the late eighteenth century, when wage labor was adopted and slavery was eliminated considerable changes finally began to occur. Only starting in the 1930’s were the first steps taken to convert key structural changes by changing Brazil into a
…show more content…
By the early 1990s, Brazil was producing about 1 million motor vehicles annually and about 32,000 units of motor-driven farming machines. It also was consistently producing 1.8 million tons of fertilizers, 4.7 million tons of cardboard and paper, 20 million tons of steel, 26 million tons of cement, 3.5 million television sets, and 3 million refrigerators. In addition, about 70 million cubic meters of petroleum were being developed yearly into fuels, lubricants, propane gas, and a wide range of petrochemicals. Furthermore, Brazil contains 161,500 kilometers of paved roads and more than 63 million megawatts of installed electric power capacity.

Despite the respectable figures, the economy is not considered developed. Although the economic changes since 1947 increased the countries per capita income above US$2,000 in 1980, per capita income in 1995 was still only US$4,630. Structural change and growth have not distorted drastically Brazil's awfully unequal distribution of opportunity, wealth and income. Even with striking increments in economic growth and output, the number of poor has increased sharply. The rural area of Brazil’s Northeast Region, or in the country's large cities or metropolitan areas is where the greatest concentration of the poor reside. The mission of fixing the country's development pattern has only been complicated by the political and economic troubles of
Get Access