Brazil as a Rising Power

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Brazil, as of today, is considered to be among the top ten countries in terms of economy, and the future predicts that will even grow more. Many aspects have contributed to Brazil’s rapid growth such as its government, investors, major oil discoveries and its hosting the 2014 FIFA and the 2016 Olympic which will strength Brazil’s image in the international arena and will economically benefit the state. Brazil economy keeps growing dramatically on a very high pace and its future seems promising.

Brazil has some key individuals who contribute to the economic growth as investors and developers. One of them is President Lula. Around 1998, Brazil experienced a major economic crisis. When Lula came to power, he assigned orthodox figures for key economic policy positions, a thing that created much support: foreign bankers Upgraded Brazil's credit ranking, it received a primary budget surplus in the first two years, and by the third year Brazil was able to pay off its full debt. During this time Brazil made significant export earnings and, in addition, became the second largest soybean exporter in the world. Ethanol production also expanded dramatically. Lula's government created a “family grant” -small funds for low- income families who promised to send their children to school and to regular health checkups. This grants program was very popular for the Brazilians.

Another example is Eike Batista. Batista is the CEO of EBX group and is the man behind the big oil discovery of Brazil. Batista was interviewed by Charlie Rose on February- 2010, after the recent major oil discovery. In the interview Batista said that he wants to help his country, Brazil, and that he is serving it now by developing macro world class infrastructure. He als...

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...erves as a great investor who is currently working on developing a huge, advanced infrastructure which will contribute a lot to oil exports procedures. The coming of two major international events that will be hosted in Brazil will enable Brazil to prove its power in the world and (not less important) will contribute a lot to the Brazilian economy. Brazil will soon find itself as one of the most powerful countries in the international arena.

Works Cited

Batista, Eike. TV interview by Charlie Rose. 8 Feb. 2010.

Halperin, Nimrod. "Estimate Olympic gains in Brazil." The Marker. N.p., 4 Oct. 2009. Web. 23 Feb. 2011. .

Skidmore, Thomas E., Peter H. Smith, and James N. Green. "Brazil: The Awakening Giant." Modern Latin America. 7th ed. New York: Oxford University, 2010. 345-47. Print

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