Natural Resources

1702 Words4 Pages
bulb-icon

Recommended: Importance of natural resource economics

Introduction

Natural resources are the elements that are found naturally and useful. Natural resources include fuels, oil, natural gas, materials and timber. Natural resources could be renewable or non-renewable. Renewable are those resources that are substituted in nature e.g. animals plants and forests. Non-renewable are those resources that exist in set/limited/calculated amounts e.g. fossil fuels, coal etc

Discussion

The Natural resources are playing a key role to support and enhance the economy. As far as the Brazil concern, It is rich in natural resources and the new discovery(s) further fueling its growth and development towards the prosperous economy and future.

Brazil is rich in the following natural resources such as: Metal Products, Fertilizer, Petrochemicals, Pharmaceuticals, Foodstuffs, Textiles, Iron and Steel, Chemicals, Consumer Goods, Plastics, Shipbuilding, Machinery, Vehicles, Clothing, Paper Products, Wood Products and Cement.

In late 2007, on the southeastern coast of Brazil the world’s biggest deep-water oil field was discovered. According to the estimate, this oil field is rich with five billion to eight billion barrels of natural gas and crude oil. This discovery of Brazil is the buzzword among the major energy exporters, and has given development structure to their pre-expanding economy. Now the Brazilian currency is stronger (rising 34% against the dollar, 2009), investment is mounting (foreign direct investment was 30%, 2009) and both are now constructed upon a firm foundation.

This healthy statistics is the evidence that natural resources play a major role in the development and economy impetus. It should be remembered that natural resources are the main catalyst to construct and distract the loc...

... middle of paper ...

...nce of its economic stability because low unemployment rate is the indicator of improved GDP. Although, China is also projecting some good picture but it is not as much promising as the Brazil has.

(Trading economics, 2010)

Conclusion

After discussing the China, USA, France and Brazilian Economy, one thing that is inevitable to be concluded as per topic is that, natural resources are the key catalyst and key driven of any economy. These resources are the catalyst to make the investment decision and to develop or not to develop the relation with different nations. In other words, these natural resources are the major player to shape the world and its multicultural economies. If these natural resources are financed, value added and developed properly, the prosperity and the economical sustainability is guaranteed as one can see the wealth of middle-east.

Show More
Related

  • Brazil, a Flourishing Country with Third-World Characterisitcs: On Hosting the 2014 World Cup and Olympic Summer Games of 2016

    757 Words  | 2 Pages

    Brazil is the largest country in South America and in Latin America, fifth largest in the world. It is one of the more diverse countries in the world, with different cultures and ethnicities. Brazil’s type of government is a Federal Republic. Brazil is on its way to growing out of its emerging market status and becoming one of the richest and most developed countries on earth. Brazil’s human, mineral, and agricultural resources are on par with those of the United States and Canada, and it has a few great opportunities to take advantage of in order to continue the growth it’s been experiencing over the past 20 years. Brazil, known for its natural resources, find in energy one of the country’s main ways of resources, being either oil and natural gas or biofuels and solar/wind power.

    Read More

  • Globalisation In Brazil Case Study

    728 Words  | 2 Pages

    Globalisation has been crucial to the economic and social development of Brazil. In the late twentieth century Brazil face years of economic, political and social instability experiencing high inflation, high income inequality and rapidly growing poverty. However after a change of government in the 1990s and large structural changes in both the economic and social landscapes, the brazilian economy has been experiencing a growing middle class and reduced income gap. Since the start of the 21st century, brazil has benefitted from the move to a more global economy.

    Read More

  • An Analysis of Brazil's Economy and Finance

    3019 Words  | 7 Pages

    Brazil with a population around 201,032,714, is the largest South America’s country. Brazil’s most important components of its GDP are service revenues, wide industry sector and its successful agriculture.

    Read More

  • Why Is Brazil A Wealthy Country

    663 Words  | 2 Pages

    The first reason why Brazil is a wealthy country on a national scale is because it has low national debt! (document B) Secondly, Brazil is a wealthy country because they have one-quarter of the world’s arable land which is great for growing crops! (document B) Lastly, Brazil is a wealthy country because Brazil was marked the eighth highest GDP in the world in 2013! The United States dollar equivalent in trillions in Brazil in 2013 was 2.5 trillion dollars! (document A) GDP stands for “Gross Domestic Product” and is an estimate of the total value of all the goods and services a country produces in a year! As a result, Brazil has many advantages that make it a wealthy country on a national

    Read More

  • Country Analysis Of Brazil (Cultural Circumstances)

    1243 Words  | 3 Pages

    Introduction Brazil is the largest and most populous country in South America. It is the 5th largest country worldwide in terms of both areas (more than 8.5 Mio. km2) and inhabitants (appr. 190 million).

    Read More

  • Brazil

    532 Words  | 2 Pages

    Brazil is located in Eastern South America, bordering the Atlantic Ocean. It is slightly smaller than the U.S., with bordering countries Argentina, Bolivia, Columbia, French Guyana, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela. It has many natural resources, including bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, and timber. The climate is tropical in the north, but temperate in the south. The terrain consists of mostly flat to rolling lowlands, with some plains, hills, mountains, and a narrow coastal belt. In recent years, environmentalists have become increasingly concerned over the future of the Amazon region, where human life has threatened the world's largest intact rain forest. Brasilia is the capital and main source of modern industry.

    Read More

  • Brazil’s Developing Economy

    1945 Words  | 4 Pages

    Brazil is both the fifth largest country in the world based off of land size and population (World Factbook). Brazil has used this demographic as a strength in its efforts to find some sort of stability in a very unstable economic climate. Brazil is the largest national economy in Latin America the world's eighth largest economy at market exchange rates and the and 10 in purchasing power parity (PPP) or GDP, according to the International Monetary Fund and the World Bank (World Fact Book). There are many factors to the development of the Brazilian economy, each having an impact, but the development is not complete.

    Read More

  • Analysis of Illy Coffé Company Expansion in International Countries

    1950 Words  | 4 Pages

    In the case of Brazil, nowadays this is one of the most attractive markets in the world, recently Brazil has experienced strong economic growth; analysts argue with Russia, China and India (BRIC) Brazil will be the largest and most influential economies in near future. Notwithstanding, the promissory economic future, investment in Brazil has some threats and risks that should be taking into account: exist some grade of cultural difference between both countries that could affect the profitability of investment; however this will be a good option to invest in brazil, the suggestion is focus in most important cities ( Rio and Sao Paulo).

    Read More

  • Essay On Brazil Geography

    577 Words  | 2 Pages

    Brazil, with a total area of 3,287,612 square miles, is the fifth largest country in the world, and the third largest country in the Western Hemisphere. It is also the fifth largest country according to population. Water makes up 21,411 square miles of the total area. Brazil is the largest country in South America, making up almost half (47%) of the land mass of the continent. Brazil has over 4,654 miles of coastline, all of it bordering on the Atlantic Ocean. Brazil contains most of the Amazon River, which is the world’s second longest at over 4,040 miles long. It is the “world’s largest river in volume and contains one-fifth of all the fresh water” on the planet (“Geography of Brazil”). Furthermore, the Amazon rainforest that encompasses the area around the river is the largest rainforest in the world, and is estimated to contain about one-third of the planet’s known animal species (“Brazil Geography Introduction”). The Amazon rainforest makes up almost half of the world’s rainforests all by itself. An interesting note about the Brazilian geography: Brazil shares common boundaries ...

    Read More

  • Social Conditions in Brazil and Freire's Theory of Education

    659 Words  | 2 Pages

    The country of Brazil is comprised of 159 million people (1997). There are estimated to be around 150,000 indigenous people that live in the Amazon jungle. One third of the population works in agriculture and tends to have lower incomes and worse living conditions than the rest of the population. Mining is also a large industry and Brazil is the leading producer of iron ore. Many of these colonies are run by foreign companies who employ both workers from their own countries and native people. The unemployment rate runs about 7.5% and the literacy rate runs about 70%. However, it is a known fact that many of these numbers are made up by the Brazilian government. The real literacy rate runs around 30-50% and the unemployment rate is certainly higher.

    Read More

  • Green Buildings: Sustainable Growth And Environment And The Environment

    1639 Words  | 4 Pages

    The impact of the development on the environment and its resources should be understood in order to move forward towards a way to make the relationship between development, growth and the environment possible. From here the concept

    Read More

  • Essay About Brazil Food

    1378 Words  | 3 Pages

    Brazil is a diverse and enormous country. There are large, medium and small sized aities that stretch from coast. From Brazilian cit...

    Read More

  • Pizza Hut in Brazil

    2128 Words  | 5 Pages

    Brazil's economy has a lot of potential. Throughout Brazilian economic history, the government has had an economic policy based on import substitution and it was also trying to switch from agriculture to industry. To insentivate domestic industry, the government established protective tariffs and import quotas. Most of the enterprises were owned by State such as: steel, oil, infrastructure, and others. These firms also received subsidize "long-term credit expand." For these reasons it had been difficult to establish ventures in Brazil.

    Read More

  • Strengths And Weaknesses Of Globalisation Essay

    1113 Words  | 3 Pages

    If Brazil can take advantage of these strengths then they will be able to continue the growth they have been enjoying over recent years. The country have enough oil and gas reserves to make Brazil self-sustaining, with some to spare which can be sold abroad. Another strength Brazil have is the fact they actually have more fresh water than any other country in the world. As climate change will soon become to make water scarcer than ever before, and this will in turn make Brazil an extremely attractive prospect for people wanting to either invest or live there. The World Cup this summer was a tremendous success and this tournament, along with the build up to the Olympics that will take place in Brazil in 2016, has massively improved and is continually improving the basic physical and organisational infrastructure whilst attracting major international investors into the country. Hosting the Olympics isn’t generally a profitable investment due to the massive expenditures required throughout the tournament, however, the event like the World Cup, will give the country a massive global

    Read More

  • Energy and Environment

    1014 Words  | 3 Pages

    There are two types of resources using to produce electricity, non-renewable energy resources and renewable energy resources. Non-renewable energy resources or known by fossil fuel such as wood, oil, gas and coal can be defined as solid, liquid or gaseous fuels formed in the ground after millions of years by chemical and physical changes in plants and animal residues under high temperature and pressure.

    Read More

More about Natural Resources

Open Document