We all know this lovely country as the party capital of the world but this country is experiencing an economic boom while others including ourselves are wondering which bills get paid and which don't. After watching sixty minutes the other night I was shocked to hear this. In mean everyone talks about China's growth and development but this was the first time I ever heard a peep about Brazil. The country is rich in so many ways. They have ample areas for tourism to provide income but also plenty of natural resources. Of the natural resources they export raw or refined Brazil is the largest producer of iron ore in the world and the world's leading exporter of beef, chicken, orange juice, sugar, coffee and tobacco -- a lot of it goes to China, which has replaced the U.S. as Brazil's leading trade partner. Among all of these resorces they have a lucky strike with off-shore drilling for oil and they are a leading manufacturer of both automobiles and aircraft.
With all this and more, not to mention winning the 2014 FIFA World Cup and the 2016 Summer Olympics they haven't lost their ability to party. This giant of a country experienced a 7% growth in their economy which is three times faster than the U.S. This country if it can be careful of its sordid past of stagnation could be who we should be looking out for not just China.
I will say that I found it very interesting that Brazil holds 14% of the world's fresh water which in some places in the world is worth more than gold.
During the show they also mentioned that what they lack in Brazil is a body of skilled labor, it was commented that they are having to import engineers from America to work in Brazil industry ventures. I thought that was intriguing because maybe just maybe Americans are looking at the exportation of jobs in a purely negative way. If industries and corporations are going to shop the world for cheap, available labor then maybe us lowly employees need to globalize ourselves and shop the world for a job. I mean I wouldn't mind living in Brazil...Just saying...
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