Brazil Essay

1055 Words3 Pages

In this paper, I will demonstate how Brazil has been considered an intangible agricultural, mining, manufacturing, and service sectors, that rapidly grew for its country’s enlarging working class. Brazil 's economy surpass other South American countries. Brazil is growing its visibility in world commerce. Brazil has persistently improved its economic stability by forming more foreign reserves, and reducing its debt by varying its obligations towards designated and nationally held accounts. Brazil became stagnant after strong growth, however due to the global financial crisis that hit Brazil several decades ago, working families suffered. Brazil was one of the first markets to materialize a recovery. With a renewed consumer confidence, GDP growth …show more content…

Brazil is also the ninth largest economy worldwide in the terms of Gross Domestic Product (GDP) (Brazil Economy, 2015). The country is fortunate to have immense deposits of minerals, and natural resources and is also one of the quickest growing economies in the world. The country also prides itself on being the very first country to be engrossed in the deep water oil research. Brazil’s important economic divisions of the country include agriculture, manufacturing, services, and mining sectors (Countries and Their Cultures - Brazil, 2015). These divisions together provide almost ninety-nine percent of the country 's …show more content…

It also distributes other agricultural products which are produced in very high amounts such as wheat, rice, corn, and citrus which are important crops of the country. Brazil has one of the most established industrial districts which contribute more than 28 percent of the GDP to Brazilian economy. The large resources provide raw material for the bulk of Brazil industrial industry, and have helped enormously in the growth of the industrial sector. Fourteen percentage of the labor force in Brazil are involved in the industrial division related jobs. These include industries such as automobile, food processing, mining, aircraft, and consumer goods industry (Marques & Nakatani, 2015). However, agriculture is, either directly or indirectly of the Brazilian labor force. Five million agricultural workers are wage earners focused in the plantations of the North and South. In addition, seventory percent of these earners lack formal agreements and benefits and less than forty percent are employed throughout the year (Brazil Economy, 2015). There are also 4.8 million families who survive as tenant farmers, sharecroppers, and casual laborers. In the last decades of the twentieth century, growing systematization, and domination of the best farmlands by commerce has hastened the dislocation of small family-owned farms. Still, there are some five million family farms ranging in size from 12 to 250 acres that occupy about 143 million acres. In

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