Laboratory Work. Macroeconomic Planning and Forecasting in Brazil
Federal State-Funded Educational Institution of Higher Professional Education “Financial University under the government of the Russian Federation”
International Finance Faculty
Department: Macroeconomics planning and forecasting
LABORATORY WORK
On a theme:
“Macroeconomic planning and forecasting in
BRAZIL”
Done by: Markov Yaroslav
Group IFF 4-2
Scientific tutor: Professor Matrizaev B.
Moscow 2012
Content
I. Real Sector and Balance of Payment 3 II. Innovation policy 12 III. Fiscal policy 17 IV. Monetary policy 24 V. Conclusion 29 VI. Appendix 31 VII. Information sources 37
Real Sector of Brazil
What is Real sector?
Real sector refers to the sector in which there are productions of goods and services through combined utilization of raw materials and other production factors such as labour force, land and capital or by means of production process. Market is the determiner of what society should produce and through what combination of production factor.
There are two major markets in this sector: 1. production faction market, which includes raw material market, labour market, land and capital market. 2. Output market, with the business operators managing the utilization of production factors, andraw materials in order to produce goods and services as exemplified in agricultural and manufacturing productions.
The economy of Brazil is the world's sixth largest by nominal GDP and is expected to become fifth by the end of 2012, even if it risks losing a position in the ranking because of its weak currency, the Brazilian real. Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent. In Brazilian reals, its GDP was estimated at
International Finance Faculty
Department: Macroeconomics planning and forecasting
LABORATORY WORK
On a theme:
“Macroeconomic planning and forecasting in
BRAZIL”
Done by: Markov Yaroslav
Group IFF 4-2
Scientific tutor: Professor Matrizaev B.
Moscow 2012
Content
I. Real Sector and Balance of Payment 3 II. Innovation policy 12 III. Fiscal policy 17 IV. Monetary policy 24 V. Conclusion 29 VI. Appendix 31 VII. Information sources 37
Real Sector of Brazil
What is Real sector?
Real sector refers to the sector in which there are productions of goods and services through combined utilization of raw materials and other production factors such as labour force, land and capital or by means of production process. Market is the determiner of what society should produce and through what combination of production factor.
There are two major markets in this sector: 1. production faction market, which includes raw material market, labour market, land and capital market. 2. Output market, with the business operators managing the utilization of production factors, andraw materials in order to produce goods and services as exemplified in agricultural and manufacturing productions.
The economy of Brazil is the world's sixth largest by nominal GDP and is expected to become fifth by the end of 2012, even if it risks losing a position in the ranking because of its weak currency, the Brazilian real. Brazil has moderately free markets and an inward-oriented economy. Its economy is the largest in Latin American nations and the second largest in the western hemisphere. Brazil is one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent. In Brazilian reals, its GDP was estimated at