Brazil Economy Essay

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Brazil is the largest country in South America in terms or size and economy. Brazil is the world’s seventh wealthiest economy with a gross domestic product (GDP) of US $2.246 trillion in 2013. The country recently hosted the 2014 FIFA world cup, bringing in millions of revenue and international attention throughout the world. It will also host the Olympic Games in 2016, which is something everyone looks forward to. Massive investments in urban areas regarding the transport infrastructure and social development are required in order for these international events to take place.

There was a significant decrease in the Brazilian economy over the past decade, specifically in 2011-2013. The GDP growth of 7.5%, dropped to 2.7% in 2011 and to 0.9% …show more content…

Brazil has spent the most money in Latin America on their health system, this created the population of Brazil to increase exponentially over the past couple …show more content…

Being a competitor to Walmart, the market share is 18% in the country where as Walmart is only at 12%. Even though Walmart is a leading big box retailer in the world, Pao de Acucar is better known in Brazil. Compared to Canada it can be considered as a Walmart/Costco/target etc. where they sell all household necessities including electronics.
Carrefour S.A. A French multinational retailer headquartered in France is one of the largest hypermarket chains in the world. Second only to Walmart worldwide, it has shown a significant market presence in Brazil for the past 25 years. With a market share of 14.5% it surpasses Walmart’s market share in Brazil. Carrefour is mainly famous in Europe and Middle East (Saudi Arabia, United Arab Emirates, and Qatar) and also in South America such as Argentina and Brazil. It is very much like the other big box retailers where all household appliance, clothing, electronics are all

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