Brazil is one of the best economies in Latin America evidenced by a strong economic
data sheet, good trade volumes, investment, and government involvement. Fast
growth translates into high profits for investors, which encourages more investment
from a country that promotes economic growth. Brazil’s economic growth has lead it
to have an increase influence locally and internationally, compare to their neighboring countries.
Brazil has not done badly for a country that was thought of as a country of the future. The
video says that for years the largest and most industrialized nation in Latin America has been
known as the country of tomorrow. But after viewing the media it could be said that tomorrow is
today and the slogan could be out of date (Don Sull). Brazil was ones known for high tariffs and
even higher inflation, today is enjoying a period of steady growth, stable political and
commercial environment. Brazil has being careful not to implement policies that stops
investments and government to go on an uncontrolled spending spree and adopt protectionist
trade regimes. Access to markets in Brazil are favorable in most sectors, and competition and
participation is welcome through imports, joint ventures and local investment. Brazil has made it
cheaper and easier for foreign countries and companies to sell their products. Brazil has no limit
on investments and allows companies to fully remit profits abroad.
In 2002 Luiz Inacio “Lula” da Silva became president of Brazil and under his leadership
Brazil emerges economically. His strategic competiveness achieved what he promised voters
to honor contracts, protect private property, assert fiscal discipline, and the big one to pay off
debts. He also promised that he would make policy that are in the best interest of the
economy without political influence. Under his watch the global financial crisis did not hit
Brazil hard as it did the United State and Europe. The banking institutions in...