Brazil’s Developing Economy

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In the current economic times the development and growth of any economy has come to a near stop or at least to a drastic slow down. The face of the global economic environment has changed and many new countries are starting to change the way their country and the rest of the world does business. One such nation is Brazil, who has turned around their own economic troubles and is becoming one of the fastest growing economies in the world (World Factbook). Brazil has started developing its economy and using the opportunity to achieve a level of respect in the world. Brazil is both the fifth largest country in the world based off of land size and population (World Factbook). Brazil has used this demographic as a strength in its efforts to find some sort of stability in a very unstable economic climate. Brazil is the largest national economy in Latin America the world's eighth largest economy at market exchange rates and the and 10 in purchasing power parity (PPP) or GDP, according to the International Monetary Fund and the World Bank (World Fact Book). There are many factors to the development of the Brazilian economy, each having an impact, but the development is not complete. Brazil has many developmental goals they have hoped to attain. Economic policy since the late 1960s has had three prime objectives: control of inflation, gradual improvement of the welfare of the poorest sector, and a high economic growth rate (Encyclopedia of Nations). Also there are the Millennium Development Goals set out by the United Nations to developing countries, such as, reducing poverty, increase education gender equality, reduce child mortality and improve maternal health, combat diseases, ensure environmental sustainability, and devel... ... middle of paper ... ...d-the- nation%E2%80%99s-world-sanding-in-the-era-of-rousseff%E2%80%99s-rule/> "Millennium Development Goals: Brazil." Index Mundi.com. February 15, 2007. November 19, 2010. Ruble, Kayla. "Six South American countries with the worst income distribution inequality." Woodrow Wilson International Center for Scholars. November 1, 2010. November 19, 2010. "Weathering the Storm." Newsweek.com. July 26, 2008. November 19, 2010. Workman, Daniel. "Brazil's Trade Buddies." Suite101.com. September 13, 2006. November 19, 2010.

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