Brazil is the largest economy in Latin America and has sought to become a significant economic power in the region. Brazil's goal been aided greatly by the countries recent radical change in economic priorities and its large agricultural and industrial sectors which have allowed it to become a major exporter of goods. The Brazilian government has been at the forefront of these reforms, taking an active role in negotiating trade agreements with other nations and organizations such as the European Union, the World Trade Organization and the United Nations. The Brazilian government has also been a strong advocate of using ethanol as a fuel. Brazil's economy is characterized by large and well-developed agricultural, mining and manufacturing sectors. The government's strategic use of these strengths has allowed Brazil to quickly become a significant economic power. In addition to the priorities of expanding Brazil's economy and taking a prominent role in the global economy as a major exporter of goods the Brazilian government must also look towards eliminating poverty and protecting its natural environment, which is a critical component in both local and international ecosystems.
Historically Many political takeovers and coups have hindered Brazil's economic growth. During the mid to late twentieth century successive governments - both democratic and military dictatorships have pursued policies of self-sufficiency and sought to create a large industrial economy with the aim of minimizing Brazil's dependency on imports by substituting them with domestically manufactured goods. This large scale industrialization relied heavily on financial borrowings from other countries which caused a major foreign debt problem and made Brazil's economy very vulnerable to external shocks in the international market. The Brazilian government has attempted to reduce its total debt levels while also shifting as much of the debt as it could away from the foreign market and into the...
Few further facts about the topic!!!
The writer has done really a great job here. I really appreciate this piece of research. I want to add few facts regarding the topic as Brazil Economy is the world's 70th freest economy. The total population was 178.7 millions according to the world bank report in the year 2004 in contrast to the 541 millions in the Latin American and Caribbean nations. The density of population per square Kilometer was 21 in the year 2003.
A stalemate is being marked with regards to the annual growth rate of population i.e. 1.2 percent.
The annual population growth in the year 2004 was lower in comparison to the Latin American and Caribbean countries of 1.4 percent. The average annual growth rate of population between 1990-2003 was 1.4 percent.
The life expectancy was at 68.7 years in the year 2003. The infant mortality rate per one thousand life births has declined to 33 in 2003 from 35 in the year 2000.
The literacy rates for adult males (% of male ages 15 and above) were 88.3 in 2003, which is, less than to the adult females of 88.6.
The GNI in the Atlas method was at 522.1 billion (US $ Current) in the year 2004 in comparison to 486.9 billion (US $ Current) in the previous year.
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