This website uses cookies to ensure you have the best experience. Learn more

Brazil World Trade Essay

4083 words - 16 pages

Brazil World Trade


From the 1500’s to the 1930’s the Brazilian economy relied on the production of primary products for exports. For three centuries Brazil’s economy was heavily curbed because since Portugal discovered Brazil, they subjected it’s economy to an imperial mercantile policy or a strictly enforced colonial pact. Even though Brazil received its independence in 1822, Portugal’s phase of decisions left a lasting, powerful imprint on Brazil’s economy and society. In the late eighteenth century, when wage labor was adopted and slavery was eliminated considerable changes finally began to occur. Only starting in the 1930’s were the first steps taken to convert key structural changes by changing Brazil into a semi-industrialized, modern economy. The intensity of these transformations caused the growth rates of the economy to remain distinctively high and a diversified manufacturing base was instituted between 1950 and 1981. Substantial difficulties such as slow growth and stagnation have plagued the economy since the early 1980’s, though it’s potential enabled itself to regain it’s large and quite diversified economy in the mid-1990s still with its share of problems. After World War II, Brazil’s inhabitants that resided in towns and cities grew from 31.3 percent to 75.5 percent. The 146.9 million inhabitants living in the cities by 1991 caused Brazil to have two of the world’s largest metropolitan centers in Sao Paulo and Rio de Janeiro.

Despite the reduction of the share of the primary sector in the gross national product from 28 percent in 1947 to 11 percent in 1992, the agricultural sector remains important. It’s primitive and intensive, yet also modern and dynamic parts make Brazil of the largest exporters of agricultural products.

The industrial sector offers a variety of products for the domestic market and for export, consisting intermediate goods, capital goods and consumer goods. By the early 1990s, Brazil was producing about 1 million motor vehicles annually and about 32,000 units of motor-driven farming machines. It also was consistently producing 1.8 million tons of fertilizers, 4.7 million tons of cardboard and paper, 20 million tons of steel, 26 million tons of cement, 3.5 million television sets, and 3 million refrigerators. In addition, about 70 million cubic meters of petroleum were being developed yearly into fuels, lubricants, propane gas, and a wide range of petrochemicals. Furthermore, Brazil contains 161,500 kilometers of paved roads and more than 63 million megawatts of installed electric power capacity.

Despite the respectable figures, the economy is not considered developed. Although the economic changes since 1947 increased the countries per capita income above US$2,000 in 1980, per capita income in 1995 was still only US$4,630. Structural change and growth have not distorted drastically Brazil's awfully unequal distribution of opportunity, wealth and income. Even with striking...

Find Another Essay On Brazil World Trade

Brazil Essay

2212 words - 9 pages this worked well, but soon the Indians began to die off or runway before they did died. In turn, the Portuguese started to import slaves by the millions from Africa (www.brazilbrazil.com). Brazil became the world?s slave trading center (www.webtravel.com). In 1578, Brazil?s development was interrupted with the death of King Sevastian of Portugal. Consequently, Philip II of Spain claimed the throne and from 1580-1640 Spain and Portugal became one

Brazil: Slow Growth Factors Essay

2686 words - 11 pages . (2014, February 25). How can Brazil escape the middle-income trap? Retrieved from World Economce Forum: http://forumblog.org/2014/02/can-brazil-escape-middle-income-trap/ Goodman, J. (2013, June 12). Bloomberg. Retrieved from Brazil Ranked Lowest in G-20 in Trade Openness Study, ICC Says : http://www.bloomberg.com/news/2013-06-11/brazil-ranked-lowest-in-g-20-in-trade-openness-study-icc-says.html IEF. (2014). Exploer the Data. Retrieved from 2014

Import Substitution Industrialization

2210 words - 9 pages world brand, while Vale is a mining company that uses Brazil’s abundant natural resources to expand its trade. The banking sector of the country went through major changes after so many issues from the 1980s and 1990s. The government supports local business while attracting international firms to the country, and even began opening up the reinsurance sector to third parties to invest in. The economic prowess of Brazil today is impressive, however

Liberalization of World Trade:Latin America

1663 words - 7 pages countries and Argentina, Brazil, Paraguay, and Uruguay were advancing according to schedule. On the agenda there was a proposition of terms about reducing tariffs - and that in a rapid pace for huge economies of Argentina and Brazil. In the past, motions like this usually crumbled in the beginning. Today, when bilateral trade agreements are becoming more numerous, the Latin America region cannot stay outside of world trade trends. This was

Brazil Cultural Vignette

1557 words - 6 pages economy of Brazil is one of massive proportions and is dominated by the natural resources found in the country. As one of the world's top five producers of aluminum, steel, iron ore, oranges, sugar, soya, beef, and many other products, Brazil has an enormous power in world trade talks. Before the huge devaluation of its currency in 1999, Brazil had the fifth largest economy in the world, however, is currently ranked around 12th. As a speculative

Swag

2507 words - 11 pages mercantile economy, and then in the 1930s Brazil began modernizing its industry to match the industrial economies of the time. Following the World War II the country as a whole began shifting, before the war about a third of the population lived in the metropolitan areas but as early as 1990s over 70% of the people live in the urban setting (Watkins). With the movement into the cities, the nation’s industrial sector grew 40% in GNP, with

Argentina

2096 words - 8 pages . Argentina imports coffee and sugar from Brazil. Argentina does not produce coffee while Brazil is the largest exporter in the world. In 1997 was the first time in 67 years that Argentina exported beef to the United States of America. This country has been declared free of foot and mouth disease in May 1997. Beef is an example of “Inter” trade between Argentina and countries as Brazil because Argentina’s production exceeds by far its demand. The

brazil leading the BRICS case study

1334 words - 5 pages among the five largest economies in the world by 2030, forecasting a growth rate of more than 5% per year for Brazil.Intensive international trade and foreign investment In 1964, Brazil was opened to foreign direct investment an expansion in manufacturing and services generated GDP growth averaging more than 10% annually.By 2008, Brazil was in the top 20 countries ranked by international trade.After Brazil joined the WTO, over time, the number of

brazil leading the BRICS case study

1334 words - 5 pages among the five largest economies in the world by 2030, forecasting a growth rate of more than 5% per year for Brazil.Intensive international trade and foreign investment In 1964, Brazil was opened to foreign direct investment an expansion in manufacturing and services generated GDP growth averaging more than 10% annually.By 2008, Brazil was in the top 20 countries ranked by international trade.After Brazil joined the WTO, over time, the number of

THE BRAZILIAN INDEPENDENCE MOVEMENT

1402 words - 6 pages Sao Vicente were created and the Portuguese prospered. In time, two classes had developed. The first class was the reinois, those born in Portugal, and the second, the mazombos, the native-born Brazilians (although still pure Portuguese peoples). "The mazombos disliked those reinois who arrived in the New World to exploit it and then return with [Brazilian] riches to Portugal."(Burnes,16) After diamonds and gold were found in Minas Gerais, Brazil

Understanding Global Cultures: Brazil

1371 words - 5 pages slums (favelas) have been estimated to be home to as many as twenty-five million people. These people live in desperate poverty. Pitiable hygiene causes serious health issues. There is no proper waste collection or gutter system. A life of offense is often the only option for jobless. Brazil with the rest of the BRIC nations have a long way to go before their current trade and industrial development transforms into benefits for the majority of

Similar Essays

Import And Export Trade Of Brazil

3741 words - 15 pages future trade policy are summarize in a prioritized order.2.0 Brazil- An OverviewBrazil, a country of 162 million inhabitants with a massive gross domestic product (GDP) of more than US$977 billion, is the largest economy in Latin America and the 10th largest in the world. Real GDP growth was approximately 3 percent in 2000, still in welcome comparing with the slowdown real growth in 1999. The Inflation has been kept in line with the Government's

Brazil Sports An Important Part Of Brazilian Culture

3326 words - 13 pages become a coach or into sports management has a number of requirements which is determined through the government (Stambulova & Ryba, 2013, p. 64). Economy Brazil’s economy has been very successful over the years with continuous growth each year and a GDP of about $12,100, making it 106th in the world; with a life expectancy of 69. It has he seventh largest economy in the world and is expected to rise to fifth within the next several years ("Brazil

History Of Native Americans In Brazil

595 words - 3 pages Like many Latin American countries, Brazil was originally inhabited by over two thousand distinct Native American tribes who’s history goes back over 10,000 years. However, they left scarce written records, hence little is know about them. Even so, today, Brazil is home to the largest population of un-contacted people in the world. During the age of colonization, Portugal flourished as it expanded its territories in both Africa and

Brazil’s Developing Economy Essay

2006 words - 8 pages 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