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Thread: Brazil: Third Largest Economy of the Future?

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    Default Brazil: Third Largest Economy of the Future?

    RIO DE JANEIRO: Brazilian President Luiz Inacio Lula da Silva said on Friday that abundant natural resources might help the country become the world's third largest economy in the near future.

    The recently discovered pre-salt oil and gas reserves may help the country achieve this goal, Lula said.

    "In 10 or 15 years, this country will be the third, or the fourth largest economy in the world, or the fifth if it does not have luck," Lula said at the inauguration of a project in the southern state of Rio Grande do Sul.

    The government has to improve the quality of education in the country, as well as the economic situation of the poor, with the pre-salt revenues, Lula said.

    Brazil's economic growth must be made by enhancing social equality, he said, adding that the country cannot allow the excessive concentration of wealth in the future.

    Brazil's economy increased by 1.9 percent in the second quarter this year compared with the previous one. The government expects the economy to keep on growing in the third and fourth quarters, and to grow one percent for the whole year.
    I hope so. It would be nice. I'm assuming he's talking about edging out India and Japan; that oughta be really interesting.

    US, China, Brazil!?, India, Japan?

    Seems hard to think of as of now, but Brazil has been expanding and still hasn't even tapped 1% of its potential.

    Their president also isn't that close to America, and welcomed and paraded his ties to China! Guess he wasn't happy about what he called the "Blue-eyed investors" ruining the world economy.

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  3. #2


    "Brazil is the country of the future and it always will be."

    That quote is at least 30 years old, still on point.
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  4. Cool

    Brazil's economy surpasses Britain...

    Brazil bumps Britain to become world's sixth largest economy
    December 27, 2011 - Thanks in part to soybeans and iron ore, cars, and coffee, Brazil has overtaken Britain as the world's sixth largest economy - though there are some clouds on the horizon.
    Brazil’s economy has surpassed that of Britain, this year becoming the globe’s six largest, part of a slow but clear rebalancing of global economic power, the Guardian reports. Douglas McWilliams, the head of the Center for Economics and Business Research (CEBR), which put out the analysis, told the British newspaper: "Brazil has beaten the European countries at soccer for a long time, but beating them at economics is a new phenomenon. Our world economic league table shows how the economic map is changing, with Asian countries and commodity-producing economies climbing up the league while we in Europe fall back."

    Brazil’s booming economy has been Latin America’s golden story for the past few years. Brazil is home to mega-companies Petrobras, Vale, and Embraer. It has turned into a commodities powerhouse. Coupled with its mining, manufacturing, and services sectors, Brazil is now the largest economy of the region. It is a major exporter of soybeans and iron ore, cars, and coffee. It has increasingly expanded trade with China, now its largest exporting partner ahead of the US. Its macroeconomic stability – thanks to continuity across three presidencies in the past two decades, while focusing on the empowerment of the poor to diminish stubborn inequality – has contributed to a consumer spending frenzy among its 200 million inhabitants.

    The Monitor looked at three of these components of growth – exploring its mineral wealth, its transformation as an agricultural powerhouse, and its efforts in reducing poverty – in this three-part series from 2008. But the UN Economic Commission for Latin America and the Caribbean (ECLAC) recently warned of some trouble spots ahead in the region. Overall, the regional economy grew by 4.3 percent in 2011, and it is forecast to slow slightly to 3.7 percent next year. Among the reasons for a regional slowdown, the group cites "measures applied particularly in Brazil to reduce domestic demand and prevent overheating as a result of its substantial growth in 2010."

    Brazil's economy grew by 2.9 percent this year, down from 7.5 percent the year before. The slowdown is in part because of a lagging consumer demand globally, due to the ongoing European crisis. The industrial sector has lagged this year too, because of the strong local currency. And high inflation is getting in the way of efforts to further tackle poverty (Brazil has set high goals, as we reported recently here). The economy is only expected to grow by 3.5 percent next year. But this may all be temporary, as CEBR forecasts that in the next ten years, Brazil will still hold the number six spot, as the BBC shows in a chart looking at the world's top economies in 2020.


  5. #4
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    "that abundant natural resources might help the country become the world's third largest economy in the near future."....he is totally wrong , Lolo mast take a course in economics

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  6. Exclamation

    Granny says not if dey don't get the gangsters under control...

    Reports: 31 dead over weekend in Sao Paulo
    Nov 12,`12 -- Brazilian media are reporting that at least 31 people have been murdered in Sao Paulo in the last three days.
    A police spokeswoman says the reported figure is accurate, though she says she has no official statistics. Early Monday, at least one bus torched was torched in the city.

    Police say that a powerful drug gang is behind the wave of violence that's hit South America's biggest city in recent weeks.

    They say it's in response to a crackdown on the First Capital Command drug gang, which was allegedly behind a wave of violence that paralyzed the city in 2006.

    More than 90 police have been murdered since the start of the year in Sao Paulo. Authorities blame the gang for those deaths.

    See also:

    Sao Paulo gripped by violence as scores die in war between police and gangsters
    Tue, Nov 13, 2012 - It was a more than typically murderous Saturday night in Sao Paulo: At 10pm, in the Sao Bernardo do Campo neighborhood, a motorcyclist rode up to a private home, killed two of the residents, then sped away. An hour or so later in a nearby district, police shot and killed two men in what they said was an exchange of fire. Elsewhere, police found the body of a man with a bullet through his brain — one of 14 people murdered and 12 injured in this single night amid a rising wave of violence in Brazil’s biggest city.
    At least 140 people have been murdered in Sao Paulo over the past two weeks in an outbreak of violent crime that has prompted early school closures, a change of municipal bus routes and street demonstrations. In September, 144 people were killed. The causes are manifold, but a major factor appears to be an undeclared war between the largest criminal militia and the police, which has led to drive-by shootings, ambushes and other killings. After initially denying the link, officials from the public safety department told newspapers over the weekend that many of the killings of officers had been ordered by imprisoned leaders of the First Capital Command criminal gang in reprisal for a crackdown on the drug trade.

    However, non-governmental organizations say the responsibility also lies with militias formed by former and serving police officers, who are used to skimming profits off the drug trade. So far this year, 92 former and current police officers have been gunned down. Last week, state and federal police said they would combine forces to create a new intelligence agency to counter the resurgent threat posed by organized crime. Police jitters were apparent on Friday night, when an off-duty officer, Edcarlos Lima, killed the driver and passenger of a car that swerved in front of him. He claimed to have seen a gun in the vehicle and feared he was being corralled for a possible hit. However, witnesses and the victims’ families say he needlessly killed two innocents. Lima is now under investigation.

    There were 982 murders in the first nine months of this year in Sao Paulo, according to public security department data. This is up 10 percent over last year and higher than the total in Rio de Janeiro. Five hundred angry residents of Brasilandia — one of the worst-affected areas — took to the streets on Sunday morning, carrying white roses, wearing T-shirts printed with the faces of some of the victims and shouting for greater vigilance. Schools and shops in some Sao Paulo districts shut early last week due to concerns about rising risks. “In view of the wave of violence in the city’s south zone, the school’s directors decided to send staff and students home early so as to assure their safety,” Eliane Valerio de Souza, administrative assistant at a professional training school, told the newspaper Folha de S Paulo.

    Regional authorities have played down the violence. Sao Paulo State Governor Geraldo Alckmin said the crime rate in Greater Sao Paulo was on the wane. However, he said the problem would not go away unless the national government took firmer measures to control the influx of drugs and guns along Brazil’s extensive borders. Despite the recent killings, Sao Paulo State is by no means the most violent in Brazil when its huge population is taken into account. Last year, the commercial powerhouse saw 10.1 homicides per 100,000 inhabitants, compared with 74.5 in the most murderous state, Alagoas.


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