Video Summary: the Economy of Brazil

According to Al Jazeera English’s video, Brazil’s booming economy July 9, 2008, Brazil is reported as a sleeping giant and a powerhouse. Brazil was also recognized as having one of the fastest growing economies in Latin America based on its strengths of steady gains of investments in the country’s stock market. In 2008, Brazil’s stock market grew 10% within a matter of months. Furthermore, Brazil experienced a vigorous economic growth by far outpacing competitors in expanding their agricultural, mining and manufacturing products. They also enjoy a stable political system and an enormous amount of people available to work in their different areas of growth.

According to Al Jazeera English’s video, “Highs and lows of Brazil’s economic boom” of

September 30, 2007, Brazil struggled with some of the same weaknesses of other countries. Although a powerhouse within the world’s economic market, there is still a lot of work to be done within Brazil. Many of Brazil’s poverty stricken or low-income families and communities do not get to enjoy the country’s growth. Some of these families and communities live below the poverty line and simply don’t have the money to invest in the stock market. Additionally, there are even Brazilian families that do live above the poverty line but don’t earn sufficient wages to participate in the stock market because the average income in Brazil does not keep the pace that is required to meet the country’s everyday standards of living.

Yes, when referencing the assigned videos, I do believe Brazil will become a greater force in the world’s market place. I believe their weaknesses will be overcome by their strengths. According to

Global Atlanta’s video, “Brazil as Economic Power” of May 8, 2009, Brazil is modernized and growing. They are working together with other countries monopolizing on many of their commodities (grain, oil, gas, etc.…). Capitalizing of their strengths, the development of these new...