Team Project: Brazil
Sang pil Yun
Yeong Gwan Kim
Joo wan Jung
Yu bin Lim
Contents
1. Introduction
2. The Review of economic conditions and statistic information
3. Characteristics of the model
4. Analysis of the economic model of Brazil
5. Summary and conclusion
1. Introduction
Presentation of the country
Brazil was under the rule of Portugal for over 300 years. Their independence was gained in 1822 and the constitution was established in 1988. The administrative divisions of the country are into 26 states and 1 federal district. The economy of the country is very large and the main sectors well developed are agriculture, mining, manufacturing, and service. The economy is the most powerful from South America and it has been steadily improving since the star of the 21st century. Brazil has steadily improved macroeconomic stability, building up foreign reserves, reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments, adhering to an inflation target, and committing to fiscal responsibility. Recently, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. The economic growth Brazil in 2007 and 2008 was very high but because of the global onset of the global financial crisis foreign investors pulled out, so there were two quarters of recession. After the crisis Brazil was the fastest economy to recover and the specialists expect a 5% growth in 2010.
2. The Review of economic conditions and statistic information of the country involved: (Population, GDP, GDP per capita, inflation, unemployment)
(1) General Information
The name of Country | The Federal republic of Brazil(Republica Federativa do Brasil) |
Location | East side of South America Continent |
Area | 8,511,965, (5th biggest in the world, 47.7% of the continent) |
Capital city | Brasilia(population 2,330,000) |...