The Growth Of The Brazilian Economy

1878 Words Dec 6th, 2015 8 Pages
As the largest economy in Latin America and seventh largest (by nominal GDP) in the world, the Brazilian economy is experiencing many positive effects, characterized by it’s inward-oriented economy and moderate free-market trading, it has a diverse and sophisticated services industryi. Although undergoing extensive makeover, the financial sector provides local businesses with a wide variety of products and is successfully bringing in new entrants, creating an upturn in the economy, and furthermore incentivizing rural inhabitants to move to the more urban spacesii. What is most striking about its urbanization process is the rapid and advanced development that it has undergone. For a process that took North America and Europe almost 150 years to accomplish, Brazil turned around from 31% to 81.1% urban in a mere 60 year periodiii. The power critiques of this rapid change has become the focus of many medias with the 2014 World Cup, and the changes done to the cities and demands to meet the provisions has created an array of issues across the country, mainly concerning the growing disparity in earnings and living standardsiv. The FIFA protests in Brazil over the last few years is one of the many examples of the undesirable outcomes of urbanization and has highlighted the inequality in the regionv. The implications of this urbanization plays with the structural constraints that contributes to the growing gap between citizens in urban areas, namely the systematic marginalization of…

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