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Brazil Rides Wave of Growth as Larger Economies Struggle

Brazil Rides Wave of Growth as Larger Economies Struggle | Geography Education | Scoop.it
Brazil, South America’s largest economy, is finally poised to realize its potential as a global player, economists say.

 

This article, dated 2008, shows how at the beginning of the global economic downturn, Brazil and other "BRIC" countries were comparatively doing better compared to the more established economic powers.  Although Brazil has been frequently noted for it's unequal distribution of wealth, since 2001, this income gap has been shrinking and a middle class is starting to grow. 

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Amy Marques's curator insight, April 24, 11:23 AM

Despite the U.S, Europe and other countries suffering serious economic loses, Brazil is experiences its biggest economic expansion in the last 30 years. Brazil has been long waiting for its spot in the global economy and it is finally reaching its potential with the new oil discoveries off the coast of Rio de Janeiro. The country also exports commodities like agricultural goods and oil which has driven most of its recent growth. 

Jacob Crowell's curator insight, October 20, 12:58 PM

I found this original article interesting because it challenge some of my assumptions about inequalities. Although inequality is bad, in the developing world large inequality is not a black and white issue. Some argue that high inequality leads to incentive but massive equality is harmful as well. Now that Brazil's middle class is growing as it becomes more economically competitive around the globe. Which shows us that inequality is only beneficial to an extent.

Hector Alonzo's curator insight, October 28, 11:04 PM

This article is about exactly what the title suggests, Brazils economy growing at a steady rate and how the country itself is seeing a boost, with both the richest citizens and the lowest earning citizens gaining more , Brazil is proving that it is only getting closer and closer to becoming one of the world's next core countries.

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