Brazil's Economy
What type of economy does Brazil have?
Brazil operates a mixed economy that includes aspects of a capitalist based market with socialist planning. Its economy focuses on moderate free trade, and is very export oriented!
Brazil's Status and GDP
Brazil is considered to be a developing country because its economy continues to grow each year. Brazil, the largest country in South America, has the best economy by far compared to the other, smaller South American countries. Brazil's GDP, or gross domestic product, is $2.4 trillion, and their GDP per capita is $12,221.
Policies and Laws Regarding Trade Unions
- Only one union is allowed in a given geographical area (normally a county or city), unions are classified according to professions and workers must perform similar work and be in a similar position within the employment hierarchy.
- According to a 2012 report from the International Trade Union Confederation (ITUC), there were excessive requirements for establishing trade union centers.
Protectionist Measures?
Brazil has adopted many protectionist policies to contain inflation, which included hiking interest rates. These measures pushed Brazil's economy down last year and for the first part of this year.
Chief Industries...
- petroleum
- steel
- iron and chemical production
- auto assembly
- mining and processing of petroleum products
- cement manufacture
- technology based industries
Imports
Brazil's primary imports include: crude oil, automotives, liquid oils, autoparts, drugs and medicine, electronic componets, bituminous coal, reception and transmission parts, and potassium chloride!
Exports
Brazil's primary exports include: soy beans, corn, beef, iron, copper, ore, cars, reducing oil, coffee, and cotton. Brazil's exports consist of 10% food products, 8.5% fuels and lubricants, and 5% mobile equipment.
Brazil's Free Trade Agreements
- MERCOSUR
- Signed with Israel, Peru, Bolivia, Chile
- This agreement promotes the freedom of movement of people, goods, and services among its member states
- The full members of Mercosur are Argentina, Brazil, Venezuela, Paraguay (currently suspended), and Uruguay
Growing? In Recession? Or Otherwise?
- 8th highest GDP in the world
- Brazil's economy is usually considered a growing economy, but...
- As of now, the GDP has dropped by 1 per cent in 2015...
- This is not enough to be considered a recession, but it shows that Brazil's GDP is not exactly growing
Thanks for Watching!!
How Healthy is Brazil's Economy?
Overall, Brazil's economy is very healthy. The population is Brazil that is below the poverty line is 15.4 per cent.
Works Cited
- http://globalsmes.org/news/index.php?func=detail&detailid=552&catalog=28&lan=en&search_keywords=
- http://tech.mit.edu/V109/N12/paiva.12o.html
- http://www.heritage.org/index/country/brazil
- http://www.nationsencyclopedia.com/economies/Americas/Brazil.html
- http://thebrazilbusiness.com/article/top-10-brazilian-imports
- http://www.cfr.org/brazil/brazils-new-protectionist-mood/p29344
- http://www.cfr.org/trade/mercosur-south-americas-fractious-trade-bloc/p12762
- http://hrbcountryguide.org/countries/brazil/labour-issues/trade-unions/
- http://en.m.wikipedia.org/wiki/Economy_of_Brazil
Río, Brazil