An Introduction to the Brazilian Economy
Brazil is a nation roughly the size of the United States , geographically speaking. Yet, from an economic standpoint, the two giant nations bare little to no resemblance. Brazil is still considered a "third world" nation and although it may seem a bit rigid and unwelcoming from an exterior view, there is nothing "third world" about this breathtakingly beautiful country and people.
The term "third world" refers to economic standing, and although Brazil has not yet found a remedy to its economic imperfections, it is a nation with unlimited potential. It has a huge territorial extent, with limitless natural resources, some entirely unexploited to date. Despite the preservation of these natural resources, few economies have seen the growth in recent years that Brazil has. The consolidation of currency and a series of structural changes, such as the Brazilian privatization program, monopoly suppression and a wide set of deregulations has allowed the Brazilian economy to recover its dynamics and begin to grow at an incredible pace. Brazil 's economy outweighs that of all other South American countries and is expanding its presence in world markets. Although Brazil is relative in size with the U.S. , its economy is only a fraction the size. Brazil 's gross domestic product (GDP) is only about 1.34 trillion U.S. dollars while the while the U.S. has a GDP upwards of 10 trillion. When comparing the two, the statistics seem staggering but one has to realize several factors when comparing the two nations. Brazil is a much younger country than the U.S. The U.S. did not just rise to become an economic superpower overnight, it takes lots of time, devotion, and proper leadership to reach this status and many experts think that Brazil is finally getting on the right track to becoming the world's next economic superpower.
Brazil has well-developed agricultural, mining, manufacturing, and service sectors but it will take other factors to move to the next level. Tourism is a growing source of revenue in Brazil which carries with it both qualitative and quantitative benefits. Brazils annual tourist arrival is near the three million mark, ranking Brazil 33 rd out of 152 countries worldwide. The rise of ecological tourism, or ecotourism for short, has brought revenues to the more remote sectors of Brazil . The fact that Brazil contains much of the Amazon rain forest, a name that just conjures thoughts of adventure and unspoiled beauty, will prove to be a great economic generator in years to come. It is a country rich in geographical and natural treasures and some time and proper marketing could lead the tourism industry in Brazil to become its leading revenue winner. Its perfect climate, untouched beaches, and vibrant people will Brazil a leading tourist destination in the years to come.
The people of Brazil are known worldwide for their flamboyance and reverence for life. They are a race of people whose physical beauty is only matched by the natural beauty of their country. Brazil 's inhabitants are descendants of a mixture of people. Portuguese colonizers mixed with the native Indians and African slaves. Dutch and French colonization also took place in the In the 19th century, waves of German, Italian, Polish and Japanese immigrants added new elements to the mixture. Brazilians are perhaps one of the most racially mixed peoples in the world. Although there is a huge separation of social classes throughout Brazil , the quality of life is not reflected in the financial statistics. From the indescribably beautiful mansions to the shanty towns known as "favelas," Brazilians just seem to be a happy group of people, despite economic well-being 22% of the Brazilian population is considered below the poverty line.
Respectively, this does not seem much more than the U.S. where 13% of the population this below this income level. The majority of that 22% live in favelas. Favelas ( illegal settlements or shanty towns ) are found throughout Brazil and in other developing countries with an fast economic or population increase, which results in an explosive and uncontrolled growth of the cities. Favelas have a reputation among foreigners of being dangerous, lawless places that no one who is not a resident should enter. In some cases this is true, but the favelas have a colorful history and community pride that is unparalleled anywhere else in the world.
This is an alarming statistic, considering that nearly a quarter of the country is currently living in poverty. Despite some grim economic statistics, Brazil is a nation on the rise. No one can debate that. Brazil is expanding into the world market, income distribution is evening out, and the overall economic well-being of the country is looking up. People are beginning to realize the potential of this great nation. The single most amazing thing about this country is its great quality of life despite financial limitations. Life is pure, superficiality is limited and people just seem to be happy with what god gave them. A gorgeous country and a colorful culture that's full of life and happiness. It is such an amazing culture that is filled with music, dancing, and community pride. It is not just the beaches and the natural treasures that make the Brazil experience so incredible. It is the people and the culture that make Brazil such an amazing place to visit.