Introduction:
Certain South America countries possess factors that set themselves apart as regional powers such as globalization, a stabilizing economy, and an efficient use of agriculture. Brazil, a developing country, is becoming a hub that increasingly shapes the global architecture.
Globalization:
Globalization is the integration of individuals, corporations, and governments of different nations—driven by international trade and investment—and facilitated by the use of technology. Before I discuss the ways in which Brazil’s economy has begun to expand and develop, I’d like to address the factors that stifled development. As a nation in the global network, Brazil’s progress …show more content…
This is done through industrial modernization, innovation and technological development, and the use of renewable energy (Patel). Most notably, the two fundamental pieces of legislation charged with attacking these policy areas are the Lei de Inovação (Law 10,973/2004) and the Lei do Bem (Law 11,196/2005) (Patel ). From providing subsidies, to encouraging partnerships between firms, strategic tax exemptions and monitoring the depreciation of assets, these two documents have set Brazil on a course toward political and economic dominance. Socially, Brazil like many post-slavery era nations has to address issues concerning the correlations between citizens of low socioeconomic status and those individuals’ native and/or African descent. Health care and social welfare, education, transportation, medical treatments, real estate and race relations issues affect these individuals of low socio-economic status. As a result, the Rousseff government had responded to the pressure to order private banks to reduce their rates, force electric companies to decrease rates to home consumers and increase rates to poor people, and subsidize many social areas, such as transportation, and oil companies in order to aid those living in the aforementioned