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About
Brazil
A small piece of history.
After 3 centuries under the leadership of Portugal Brazil became
independent in 1812. After many setbacks, the counrty did not manage
to get
on his feet again. Until the last century they got the oppurtunity
to grow and become the largest economy of South America.
The fastest growing markets in Brazil kept are industrial market
and agriculture.
Brazil is possessing a large and well-developed agricultural, mining,
manufacturing, and service sectors, Brazil's economy outweighs that
of all other South American countries and is expanding its presence
in world markets.
From 2001 till 2003 real wages fell and Brazil's economy grew, on
average, only 2.2% per year, as the country absorbed a series of
domestic and international economic shocks. That Brazil absorbed
these shocks without financial collapse is a tribute to the resiliency
of the Brazilian economy and the economic program put in place by
former President CARDOSO and strengthened by President LULA DA SILVA.
In 2004, Brazil enjoyed more robust growth that yielded increases
in employment and real wages. The three pillars of the economic
program are a floating exchange rate, an inflation-targeting regime,
and tight fiscal policy. The currency depreciated sharply in 2001
and 2002, which contributed to a dramatic current account adjustment:
in 2003 and 2004, Brazil ran record trade surpluses and recorded
its first current account surpluses since 1992. Productivity gains
- particularly in agriculture - also contributed to the surge in
exports, and Brazil in 2004 surpassed the previous year's record
export level and again posted a current account surplus.
Plus Brasil is one of the fastest growing holiday countries in the
world.
It is also the largest and most populated country of South America.
A very potential country, Brazil is one of the few countries in
the world who have the luxery, toprovide themselves with everything
this world has to offer.
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