Brazil Research Paper
ESSAY DRAFT COPY
BUSN 100
Ellie Macnamara S00148648
Brazil: A New Contender in the Global Economy?
Throughout the latest research, newspaper or political science journal articles Brazil has been termed “an upcoming global power” or “international player”. This being seen specifically in Brazils global economic position. Brazil is the largest national economy in Latin America, the worlds seventh largest economy at market exchange rates and the seventh largest purchasing power parity, according to the international Monetarty Fund and the world bank. Brazil has a mixed economy with abundant natural resources. Brazil is rapidly becoming a large contender in the Global economy partly due to being one of the 17 mega diverse countries in the …show more content…
Brazils economy is the largest in Latin American nations and comes in second best in the western hemisphere. With an average annual GDP growth rate over over 5 percent, Brazil comes in as one of the fastest- growing major economies in the world. In Brazilian real’s, Its GDP was estimated at R$4.403 trillion in 2013. The Brazilian economy is predicted to become one of the five largest economies in the world in the decades to come. This is due to many factors including brazils involvement in a number of diverse economic organizations such as the mercosur, Unasul, G8+5, G20, WTO and the Cairns group. Its trade partner’s number in the hundreds, with 60 percent of exports mostly of manufactures or semi manufactures goods. Brazils main trade partners in 2008 were: Mercosul and Latin America (25.9 percent of trade), EU (23.4 percent), Asia (18.9 percent), the United States (14.0 percent), and the others (17.8 …show more content…
As regards investments, Brazil holds 43% of the entire EU Investment stocks in Latin America. The EU is Brazil's first trading partner, accounting for 21.7% of its total trade (2010). During the last 5 years bilateral trade between the EU and Brazil has grown on average by 8.4% per year, showing the dynamism and complementarity of our trade relationship.EU imports from Brazil are dominated by primary products, in particular agricultural products (41%) and fuels and mining products (31%). But manufactured products such as machinery, transport equipment and miscellaneous manufactured products are also important: they represent around one fourth of Brazilian exports to the EU.Brazil is the single biggest exporter of agricultural products to the EU.EU's exports to Brazil consist mainly of manufactured products, such as machinery, transport equipment and chemicals. In goods, the EU runs an overall trade deficit with Brazil but has a surplus in commercial services trade.The EU is the biggest foreign investor in Brazil with investments in many sectors of the Brazilian economy. Around 50% of the FDI flows received by Brazil during the last 5 years was originating from the
BUSN 100
Ellie Macnamara S00148648
Brazil: A New Contender in the Global Economy?
Throughout the latest research, newspaper or political science journal articles Brazil has been termed “an upcoming global power” or “international player”. This being seen specifically in Brazils global economic position. Brazil is the largest national economy in Latin America, the worlds seventh largest economy at market exchange rates and the seventh largest purchasing power parity, according to the international Monetarty Fund and the world bank. Brazil has a mixed economy with abundant natural resources. Brazil is rapidly becoming a large contender in the Global economy partly due to being one of the 17 mega diverse countries in the …show more content…
Brazils economy is the largest in Latin American nations and comes in second best in the western hemisphere. With an average annual GDP growth rate over over 5 percent, Brazil comes in as one of the fastest- growing major economies in the world. In Brazilian real’s, Its GDP was estimated at R$4.403 trillion in 2013. The Brazilian economy is predicted to become one of the five largest economies in the world in the decades to come. This is due to many factors including brazils involvement in a number of diverse economic organizations such as the mercosur, Unasul, G8+5, G20, WTO and the Cairns group. Its trade partner’s number in the hundreds, with 60 percent of exports mostly of manufactures or semi manufactures goods. Brazils main trade partners in 2008 were: Mercosul and Latin America (25.9 percent of trade), EU (23.4 percent), Asia (18.9 percent), the United States (14.0 percent), and the others (17.8 …show more content…
As regards investments, Brazil holds 43% of the entire EU Investment stocks in Latin America. The EU is Brazil's first trading partner, accounting for 21.7% of its total trade (2010). During the last 5 years bilateral trade between the EU and Brazil has grown on average by 8.4% per year, showing the dynamism and complementarity of our trade relationship.EU imports from Brazil are dominated by primary products, in particular agricultural products (41%) and fuels and mining products (31%). But manufactured products such as machinery, transport equipment and miscellaneous manufactured products are also important: they represent around one fourth of Brazilian exports to the EU.Brazil is the single biggest exporter of agricultural products to the EU.EU's exports to Brazil consist mainly of manufactured products, such as machinery, transport equipment and chemicals. In goods, the EU runs an overall trade deficit with Brazil but has a surplus in commercial services trade.The EU is the biggest foreign investor in Brazil with investments in many sectors of the Brazilian economy. Around 50% of the FDI flows received by Brazil during the last 5 years was originating from the