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Essay on Brazil as a Rising Power

Decent Essays

Brazil, as of today, is considered to be among the top ten countries in terms of economy, and the future predicts that will even grow more. Many aspects have contributed to Brazil’s rapid growth such as its government, investors, major oil discoveries and its hosting the 2014 FIFA and the 2016 Olympic which will strength Brazil’s image in the international arena and will economically benefit the state. Brazil economy keeps growing dramatically on a very high pace and its future seems promising. Brazil has some key individuals who contribute to the economic growth as investors and developers. One of them is President Lula. Around 1998, Brazil experienced a major economic crisis. When Lula came to power, he assigned orthodox figures for …show more content…

Brazil has abundant natural resources and it sure knows how to make profit out of it. As mentioned above, recently Brazil has discovered a huge oil reserves within its territory, which affects its future economic structure dramatically. China, as a major oil consumer, will probably look to further extend the economic ties with Brazil in order to sustain its economic growth. The China- Brazil trading rate is likely to grow, and this growth will benefit both China and Brazil tremendously. The recent discoveries have the potential to place Brazil among the top oil producers in the world thus increasing its profit. Brazil has a relatively stable political system, which will enable proper and controlled growth in the near future. Brazil has also a great interest in areas such as nuclear technology, which will place them in a higher status among the international community, in terms of pride and prestige. Up to this day Brazil was heavily supported by its agriculture structure, as it is a leading force in Latin America as an exporter in this field. Not only does Brazil gain large amounts of money from its resource export, this abundant amount makes the country independent, not needing to import it. Natural resources proper maintain will highly increase the per capita income and the country GDP. Two upcoming events are expected to serve as another economic boost to Brazil. The 2016 Olympic will be

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