Discussion Questions Do you think Brazil’s new president, Michel Temer, will be successful with his plans to reform the country’s economy? What challenges is he likely to face? One of President Michel Temer’s economic reforms involves privatizing a number of state-owned companies. Discuss privatization as a tool in encouraging economic recovery in a country. The opening case explores the state of the economy in Brazil, one of the world’s largest emerging economies. From 2000 to 2012, Brazil’s economy grew rapidly, fueled by market-reforms and strong exports. Foreign investment poured in, further strengthening the economy. However, beginning in 2013, Brazil’s economy began to deteriorate, partly due to falling global commodity prices and partly because of structural problems in the economy. Fiscal mismanagement, especially about the country’s pension system. has created a crisis situation. In addition, tariff barriers and a complicated tax code make it difficult for companies to do business. In 2016, Brazil elected a new president, Michel Temer, who has promised to reform the economy.
Discussion Questions
- Do you think Brazil’s new president, Michel Temer, will be successful with his plans to reform the country’s economy? What challenges is he likely to face?
- One of President Michel Temer’s economic reforms involves privatizing a number of state-owned companies. Discuss privatization as a tool in encouraging economic recovery in a country.
The opening case explores the state of the economy in Brazil, one of the world’s largest emerging economies. From 2000 to 2012, Brazil’s economy grew rapidly, fueled by market-reforms and strong exports. Foreign investment poured in, further strengthening the economy. However, beginning in 2013, Brazil’s economy began to deteriorate, partly due to falling global commodity prices and partly because of structural problems in the economy. Fiscal mismanagement, especially about the country’s pension system. has created a crisis situation. In addition, tariff barriers and a complicated tax code make it difficult for companies to do business. In 2016, Brazil elected a new president, Michel Temer, who has promised to reform the economy.
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