Comparison Report: Brazil Vs. Brazil

Brazil’s population is not as large but does has a high GDP percentage, and also a high Dollar Pre Capital GDP.

The strength and stability of an economy, the rates of literacy and mortality, and the long-term development of infrastructure in a country can impact the standard of living or quality of life of its citizens in a positive or negative way, and is also a contributing factor that determines if a country is developing or has already developed. For example, both Ethiopia and Australia, depend largely on agriculture as a major source of income, therefore both countries depend largely on the availability of water resources. Studies have shown (www.theguardian.com) “that both Australia and Ethiopia have similar degrees of climatic variability, but Australia has 5,000 cubic meters of water storage capacity per person, whereas Ethiopia has just 45 cubic

These types of countries are not necessarily ‘not developed’, they just have different customs, cultural differences or they could be nomadic (farming based) or an indigenous population, as described above. Maps of the globe are produced to show levels of world development based on three key features; wealth, social advantage and deprivation. An imaginary line can be seen around the world which separates the ‘developed’ countries and the ‘non developed’ countries. This line is called the Brandt line. It is a modern day method of measuring development.

Thirdly, I do not believe GDP is always a good indicator of the economic development of a nation. Economic development is more than a figure representing the total value of goods and services produced in a given year in comparison to total consumer, government and investment spending. Economic development is about increasing the standard of living and social wellbeing of a nation’s people in association with sustained economic growth but there does not appear to have been sufficient information collected to ascertain this was the case in all 8 nations. The USA could be considered one such example: a nation with a substantial GDP yet it has increasing deterioration in the level of general health and growing literacy issues across its population.

Their manufacturing sector is vastly growing, most importantly to this video is the Aircraft and carrier production facilities. There is a massive market and trade with the U.S. for all types of aircraft and they have the skilled labor to produce them. Brazil has discovered gigantic new oil deposits which, according to Henrique Brzezinski in the GlobalAtlanta.com video, could build a strong relationship between the U.S. and Brazil. He stated the fact that they could supply the oil in turn, making the U.S. less dependent on other suppliers. He did not come out and say they could replace the Middle East, however he eluded to the U.S not being dependent on countries with which there is current conflict.. The Brazil’s booming economy video also points out the enormous amounts of grains that they output and the stable political system that is allowing them to grow. The video mentions, albeit quite briefly, that there is still a large problem with social inequality that Brazil must overcome to

A country having an effective rate of industrialization and individual income is known as Developed Country.

Following this introduction, I will undertake a critical literature review (section 3). Section 4 aims to prove why the current economic performance of Brazil and other members of the BRICS is an important topic. This will lead onto section 5 where I shall look at possible models the Brazilian government examined when setting growth

A country with a small history of civil war and civil disorders, plenty natural resources and vast land area and that has millions of people eager to work. That’s Brazil’s intrinsic

Until the latest political scandal surfaced in early May, there was growing consensus that Brazil’s economy was in for a hopeful awakening. A combination of decreasing political noise, steady implementation of market-friendly reforms and significantly improved economic policy was reviving business and consumer confidence, deepening disinflation and lifting asset prices. Indeed, discussions were about the rate of GDP growth in 2017 and beyond in the context of different estimates of potential output.

With a growing county and middle class, Brazil is currently the world’s seventh largest economy. Twenty years ago, Brazil listed a GDP of 768 Billion, while China listed 728 Billion. Although they were very similar in GDP, Brazil grew at an average of 108% a year while China grew 115% on average each year (World Bank, see table 1).

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.

This can be measured by the following formula; Per capita nominal GDP = Nominal GDP / Population, Per capita real GDP = Real GDP / Population. Seven factors determine economic growth. Natural resources such as land, mineral deposits, waterways; climatic conditions provide an essential foundation to economic growth. Combined with the other resources of capital, labor and enterprises, natural resources can be developed and organized to increase the productive capacity if the nation. Consequently the quality and size of the labor force is a major determinant of economic growth. Education and vocational training are essential the growth potential of a nation. The promotion of education and job training schemes increase the knowledge, skills and flexibility of the workforce that contributes to potentially higher levels of productivity and efficiency. Whether from natural increase or immigration population growth can cause a higher level of economic growth. An increasing population requires increased public spending on housing, education and other social needs while businesses expectations of

        Countries can be classified as developed or developing according to the value of the gross national product (GNP) per capita. A developing country can be distinguished from a developed country by examining indicators such as the size of GDP per capita, economic structure, population growth, population structure, distribution of income, employment, trading position, urbanization, technology and provision of infrastructure.

Countries may pursue distinct development paths. Economies may miss stages, or become locked in one particular stage, or even regress depending on many other complementary factors such as managerial capacities, and the availability of skilled labour for a wide range of development projects (Todaro and Smith, 2009).

Before I go on about the BRICS countries of the future, I will start with today’s BRICS nations why they are in BRICS. First, the B, Brazil. Brazil has sustained a high GDP growth rate as its Gross Domestic Product has passed the United Kingdom, but this is a small part of the equation. Brazil contains many minor oilfields, but this is still not the big picture. Although services makes up most of Brazil’s economy, agricultural products like coffee, bananas and sugarcane have driven Brazil’s growth. Plus, Brazil doesn’t have an overpopulation problem, so they can export coffee, bananas and sugarcane, in fact Brazil is the number one producer of coffee in the world. The main drawbacks are the extensive crime combined with a corrupt political system.