South America
Image Credit: CIA World Factbook
The CIA World Factbook tells that Brazil's economy is diverse with exports of agriculture, mining, energy, manufacturing, and services. For much of history a debtor nation, Brazil climbed out in 2008 on the strength of energy exports. Its future is bright with large petroleum deposits discovered off its coasts, albeit at depths that will require new technology to recover. It also exports large quantities of ethanol obtained from genetically-engineered sugar cane.
Government and industry work in collaboration, similar to Germany, which also has exhibited economic strength during the global recession. Despite what government minimalists would prescribe, the Brazil government invests in big science such as classifying the genome of chocolate or sugar cane and genetic development of improved species.
But there is a seamy side of Brazil - the ghettos of the large cities are lawless and desperate. It has an annual inflation rate of over 5 percent.
Brazilian economy overtakes UK's, says CEBR explains that western economies are losing global importance as emerging nations expand. Brazil is the new number six with Russia and India expected to depose France and Germany's rankings by 2020.
CEBR World Economic League Table
|
| Rank | 2011 | 2020 (forecast) |
|
1
|
US
|
US
|
|
2
|
China
|
China
|
|
3
|
Japan
|
Japan
|
|
4
|
Germany
|
Russia
|
|
5
|
France
|
India
|
|
6
|
Brazil
|
Brazil
|
|
7
|
UK
|
Germany
|
|
8
|
Italy
|
UK
|
|
9
|
Russia
|
France
|
|
10
|
India
|
Italy
|
The global economic future predicted above from the BBC explains why Germany and France are such fierce advocates for the European Union. Together, the EU is relevant. As independent nations, they become irrelevant and lose complete control of their destiny.
Mmm. We used to believe the future would be one of boutiques, very different from today where everything seems to be dominated by two primary suppliers. Instead of many small businesses, we have monopolies and at best duopolies. I believe that is because of the tremendous pressure for efficiencies and economy of scale. (Today's buzzword in business is scalability.) Otherwise the world cannot support its current population.
Recent Comments