Economics 1, BUS 121
The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing. Some foreign policy disagreements have transpired but the United States and Brazil continues to engage on matters such as security, energy, trade, the human rights, and the environment.
Brazil is the biggest economy in Latin America with a GDP of $2.4 Trillion. Over the past decade, the country has appreciated average annual growth of 3.7%. This growth has been motivated by a bang in worldwide demand for its product exports and the increase in purchasing power of Brazil’s fast-growing middle class. The country has also been benefitted from a number of policy improvements that have reduced the increase and allowed Brazil to absorb better global blows like the fresh worldwide economic crisis.
Brazil is a member of diverse economic organizations. Its trade partners sum in the hundreds, with about 60 percent exports, mostly manufactured or semi-manufactured goods. Brazil's main trade partners in 2008 were:
After contracting by 0.3% in 2009, the economy of Brazil quickly rebounded back with 7.5% development in 2010. Members of Congress have showed a large interest in the United States and Brazil associations in current years and