Just another BRIC in the wall?
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Just another BRIC in the wall?
Brazil is the B in the BRIC. A review of economic development issues in Brazil.
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Brazil and China Sign Trade Agreements

Brazil and China Sign Trade Agreements | Just another BRIC in the wall? | Scoop.it

Speaking at the meeting in Rio de Janeiro, Guido Mantega, the Brazilian finance minister, said the accords should provide an increase in manufacturing and sales in China by the Brazilian airplane maker Embraer.


Embraer, one of the largest manufacturers of regional planes, for years was barred from producing jets in China, the world’s fastest-growing market for commercial and executive aviation.


The deals were reached as Ms. Rousseff, a pragmatist, was pressing China to buy more products from Brazilian manufacturers as part of a broader push aimed at reducing the South American nation’s dependence on sales of raw materials like iron ore, oil and soybeans.


China, the world’s second largest economy, after the United States, is Brazil’s biggest export market.

The economies of Brazil and China have slowed sharply, partly because of the European debt crisis.

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China, Brazil upgrade ties to "comprehensive strategic partnership"

China, Brazil upgrade ties to "comprehensive strategic partnership" | Just another BRIC in the wall? | Scoop.it

Following the latest round of agreements, the Chinese press (Globaltimes.cn) is emphasizing the deepening relationship between the two countries:


Noting that the shared interests between China and Brazil have never been so vast, Wen said China is willing to deepen cooperation with Brazil in all aspects and march forward hand-in-hand with Brazil on the path of modernization to help build a new, just and reasonable international order.


To implement the ten-year cooperation plan, a development blueprint for both countries, Wen put forward six proposals, namely, to promote trade and investment cooperation; to establish a stable, lasting and diversified resources partnership; to strengthen cooperation in infrastructure; to promote cooperation in the monetary and financial sector; to upgrade bilateral cooperation in high-tech and to further exchanges in the sectors of culture, education and youth.

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China and Brazil strike $60bn bilateral swap deal to reinforce ...

Under the bilateral swap arrangement, Brazil is entitled to take 190bn yuan from the Chinese central bank, while China can take 60bn real from the equivalent body in Brazil. The money can be used for trade or to boost ...
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BRIC Now Responsible for 20-30% of Pharma Profits

BRIC Now Responsible for 20-30% of Pharma Profits | Just another BRIC in the wall? | Scoop.it

Five years ago, emerging markets were responsible for just 5% of pharmaceutical companies' profits; today, they make up 20 - 30% of profits. Shifts in the BRIC landscape will prompt companies to optimize their commercial strategies with a better understanding of local markets and stakeholder networks.


"Our proven legacy within BRIC markets empowers us to deliver the most relevant insights on industry trends and challenges facing each pharmaceutical target country," said Laurent Labrune, Chief Executive Officer of Cegedim Relationship Management. "Our on-site presence in each BRIC country enables us to furnish companies with the game-changing industry knowledge required to innovate beyond the challenges of rapidly evolving healthcare environments."

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G-20 deal sets up BRICS to backstop eurocrisis

G-20 deal sets up BRICS to backstop eurocrisis | Just another BRIC in the wall? | Scoop.it

The BRICS countries especially, whose growth has exceeded that of the developed world and today represent 18 percent of global economic output, have demanded more of a say.


A reform was passed in 2010 at the IMF to reflect the changing economic map, which included, among other things, giving emerging nations more voting power by more than 6 percent. The reform also called for greater representation of emerging markets on the IMF's executive board, replacing two seats currently filled by European countries with representatives from the developing world.


The BRICS are seeking to make their pledges to the IMF contingent on reforms being implemented. "These new contributions are being made in anticipation that all the reforms agreed upon in 2010 will be fully implemented in a timely manner, including a comprehensive reform of voting power and reform of quota shares," the BRICS said in a statement.

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Latin American Pacific Bloc Rejects Brazil-Led Protectionism

Leaders from Latin America’s most open economies will sign a trade accord today to increase commerce along the Pacific rim of the region, distancing themselves from countries such as Argentina and Brazil that are raising import restrictions amid the global slowdown.

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Brics nations to boost IMF funds

Brics nations to boost IMF funds | Just another BRIC in the wall? | Scoop.it

The Brics nations have also asked for a greater say at the fund.


"These new contributions are being made in anticipation that all the reforms agreed upon in 2010 will be fully implemented in a timely manner, including a comprehensive reform of voting power and reform of quota shares," the Brics economies said in a statement on the sidelines of the G20 summit in Mexico.

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Even at the beach in Brazil, everybody is talking about the Greek elections

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"One must remember that a euro breakup would be disastrous for the BRICS, too."

While some in Delhi, São Paulo and Beijing may feel schadenfreude, one must remember that a euro breakup be disastrous for the BRICS, too.
Jun 17 via web Favorite Retweet Reply

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“O PIB é uma métrica burra e cega”, afirma Eduardo Gianneti

“O PIB é uma métrica burra e cega”, afirma Eduardo Gianneti | Just another BRIC in the wall? | Scoop.it
Para economista é preciso encontrar uma nova medida de calcular a riqueza e o desenvolvimento que inclua o cuidado com o meio ambiente e o bem-estar humano...
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Brazil’s manufacturing sector is tanking

Brazil’s manufacturing sector is tanking | Just another BRIC in the wall? | Scoop.it

The Business Activity index retracted to 49.7, below the 50 mark and its lowest level since July 2009. While we will want to wait for more data in order to better gauge the situation in the services sector, this is the first sign that the sluggishness in the industrial sector is spreading to services.

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Brazil competes with China, India to invest in Africa

Brazil competes with China, India to invest in Africa | Just another BRIC in the wall? | Scoop.it

"Brazil has kind of been operating under the radar, it is not seen necessarily as one of those kind of players [China and India]," says Markus Weimer, research fellow in the Africa Program at Chatham House.


"The stories of Brazil with Africa have also been less contentious -- you've heard stories from Zambia about miners being mistreated by their Chinese bosses but you don't hear from Mozambique or Angola when it comes to Brazilian companies."

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Insight: Brazil protects its ... wines?

Insight: Brazil protects its ... wines? | Just another BRIC in the wall? | Scoop.it

(Reuters) - Brazil is widely celebrated for having some of the world's best beaches, soccer, and Carnival festivities.


Wines? Um, no.


Nevertheless, Brazil is considering steps to protect its tiny domestic wine industry from an onslaught of imports, in what may be the most bizarre - and controversial - example to date of rising trade protectionism in South America.

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Brazil-China reinforce their "global strategic partnership" with a set of trade agreements

Brazil-China reinforce their "global strategic partnership" with a set of trade agreements | Just another BRIC in the wall? | Scoop.it

Dilma is not sitting idly by while the world economy crumbles.


(Reuters) - Brazil and China on Thursday signed a handful of trade agreements aimed at boosting investment and trade flows for the coming decade, at a time when economic growth in both emerging market powerhouses is losing momentum abruptly.


China, the world's second largest economy, is Brazil's biggest export market, and Brazil officials hailed the accord as critical to the South American country's growth.


Under the agreements signed by Brazilian President Dilma Rousseff and Chinese Premier Wen Jiabao, relations between the nations will rise to the status of a "global strategic partnership," highlighting their growing influence in the global economy.

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While the north Atlantic economies implement austerity, Brazil drives forward with large-scale stimulus projects

While the north Atlantic economies implement austerity, Brazil drives forward with large-scale stimulus projects | Just another BRIC in the wall? | Scoop.it

Proving once again that the most dynamic forms of economic development are coming from the BRICs, Brazil under Dilma moves forward with large-scale stimulus of the economy.


In a show of the extraordinary sway that Brazil’s government wields in nearly every important area of the economy, President Dilma Rousseff is accelerating an array of stimulus projects throughout the country aimed at blunting a slowdown that has reduced Brazil’s economic growth to a snail’s pace.

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Moody’s hails Brazil’s economic strength & positive outlook

Moody’s hails Brazil’s economic strength & positive outlook | Just another BRIC in the wall? | Scoop.it

Moody’s hailed Brazil for having a positive outlook and high economic strength because its large and growing domestic market and high degree of diversification.


In the ratings agency’s Credit Analysis Brazil report, Moody’s said the country’s fiscal profile is characterized by government revenues and expenditures that have been consistently high in absolute and relative terms.


Despite being somewhat overshadowed by the magnitude of China, India and Russia's economies, Brazil has actually grown to such a size that its economic size overtook the UK in the global rankings.

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Europeans invested 42% less in Brazil, though investments still high compared to historic average | Brazilian Bubble

Europeans invested 42% less in Brazil, though investments still high compared to historic average | Brazilian Bubble | Just another BRIC in the wall? | Scoop.it

Despite the crisis putting a “foot on the brake” on investments all over the world, Brazil stands out as one of the few growing economies, albeit at a weaker pace, alongside China.


“The little that the Europeans invest will not be in Europe. Where will it be? China has too much investment. All that remains is Brazil,” said Lacerda.


In Spain, investment dropped 84% from January to April. It must be remembered, however, that 2011 was well above average because of the Telefonica transaction involving Vivo.

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Ultra Rich Gain in Brazil

Ultra Rich Gain in Brazil | Just another BRIC in the wall? | Scoop.it

RIO DE JANEIRO – Brazil gained 10,000 new millionaires in 2011, and is the country with the fastest growing population of ultra rich in the world. The data are from consultancy Capgemini and RBC Wealth Management, which published a report yesterday which is a benchmark for assessing the income of the world population with high personal net worth.

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Where the Growth Lies in Building Beyond the BRICs

Where the Growth Lies in Building Beyond the BRICs | Just another BRIC in the wall? | Scoop.it

Of the four BRIC countries, Brazil has the best prospects, he said, thanks to a balanced economy with a well-established manufacturing base and oil wealth and a government inclined toward tax and regulatory reform. But even Brazil faces slowing growth because of a slowing Europe, U.S. and China

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How Busted Is Brazil?

Brazil's rise never depended on the sale of commodities, and thanks to recent reforms, the country will continue to prosper, write Shannon O'Neil, Richard Lapper, and Larry Rohter.


Ruchir Sharma ("Bearish on Brazil," May/June 2012) argues that Brazil's incredible rise over the past ten years has depended on the sale of commodities, and that as commodity markets begin to slow, so, too, will Brazil's growth. Sharma correctly notes that in the coming years, Brazil will likely need to confront a decline in commodity purchases from China. But he fails to recognize that economic stability has also driven Brazil's growth.

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How to read Brazil’s response to the economic crisis

How to read Brazil’s response to the economic crisis | Just another BRIC in the wall? | Scoop.it

Two leading questions are driving this bout of pessimism that has taken over the markets lately. First and more broadly, has Brazil’s economic growth model reached its limit?


And second, will the Dilma Rousseff government seek growth at all cost, a strategy that would entail a less market-oriented and more interventionist stance and possibly a different economic policy mix than the one that has been implemented until now?

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O’Neill’s BRICs Risk Hitting Wall Threatening G-20 Growth

O’Neill’s BRICs Risk Hitting Wall Threatening G-20 Growth | Just another BRIC in the wall? | Scoop.it

Even Jim O’Neill is asking whether the BRICs need reinforcing 11 years after he coined the term to describe the world’s future powerhouse economies.


A prolonged slowdown in the four countries poses a fresh threat to a world economy suffering its weakest spell since the end of the 2009 recession, which the BRICs helped shorten by contributing about half of the international expansion since 2007. Leaders attending next week’s Group of 20 summit in Mexico are already expressing concern, with Brazilian President Dilma Rousseff warning June 4 that emerging markets can’t carry the weight of the world on their shoulders.


Rich-nation policy makers “are so wrapped up in their own problems they’re praying some of this weakness is just temporary in the BRICs,” London-based O’Neill, 55, said in a telephone interview. “If it’s not, then it’s pretty worrying.”

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Brazil: right to worry

Brazil: right to worry | Just another BRIC in the wall? | Scoop.it

They suggest some interesting conclusions. Spending on food and drink (Hiper, supermercados, prods. alimentícios, bebidas e fumo) was down sharply in April from March, and growth in this sector slowed significantly year on year. Clothing and footwear (Tecidos, vest. e calçados) recovered a bit but are not looking healthy overall. Both may indicate that the poor – and other people with an eye on their immediately available cash – are cutting back.


Books, newspapers and magazines (Livros, jornais, rev. e papelaria) are in a bad way – presumably wealthier Brazilians are ditching a few non-essentials.


But building materials (Material de Construção) are holding up well, suggesting the property boom is still under way.

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Kenya Plots New Exports Plan which includes Brazil

Kenya Plots New Exports Plan which includes Brazil | Just another BRIC in the wall? | Scoop.it

KENYA will soon start working under a new exports plan that will see it increase exports to other African countries and emerging economies like Brazil, China and India, the government said on Thursday.

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Look Who’s Talking: Brazil files complain at WTO against South Africa’s protectionism

Look Who’s Talking: Brazil files complain at WTO against South Africa’s protectionism | Just another BRIC in the wall? | Scoop.it

A few days ago, Brazilian newspaper Valor Economico reported that Brazil is preparing to commence proceedings against South Africa at the World Trade Organisation (WTO). This will be the first time that Brazil takes action at the WTO against a member of the BRICS group. Well, the day has come.

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