Brazil Essay

Brazil is the largest and most populous country in South America, has the 8th largest economy in the world. The country is celebrating its first female president, Dilma Rousseff, and is planning to the host the 2016 Olympics. Brazil has not only weathered the global economic crisis without major problems, its middle class is growing.

Yet despite all these positives, Brazil faces many challenges, including rampant crime and corruption, poor infrastructure, onerous pensions, a restrictive business environment with strict labor laws that encourage a thriving black market, and a very unequal society. Brazil also faces the major dilemma of balancing economic development with environmental protection.

On the frontier of trade Brazil is a leading exporter of sugar, iron ore, steel, soybeans, coffee and beef. In fact, it is the world’s second largest exporter in soy . It has a diversified set of trade partners around the globe, including Iran and China. China is Brazil’s largest trading partner and export market. In this scenario of global economic imbalance, the Brazilian has been showing high growth rates, largely due to the strength of its vast domestic market. The Brazilian economy presents with ability to keep growing at a rapid pace and measures to prevent the return of external vulnerability should be taken in order to deflect hazards that endanger the sustainable development of the country. But the increased presence in international markets will only be possible through increased innovation and adherence,

Reducing this burden, the complexity of the tax system, requires commitment from the Executive and Congress in the adoption of ad hoc measures and a broad tax reform. It fits into the roll of first generation reforms inconclusive, which also includes Social Security and Labor