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What Is Brazil Economic And Political Success

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Brazil economic and political success in the last two decades, by which the GDP average growth rate is 3.2%. In 2011, Brazil was the 8th largest economy standing (PPP GDP, Refer to Graph 11) and a GDP Per Capita of $11,600.Globalisation is a process by which interaction and integration amongst the people, companies, and government of different nations have increased. A process is driven by international trade and investment (capital, money and credit Market, commodity Markets and product Market) and the increase in technology. Furthermore, Economic growth is when the market value of goods and service in an economy increases in one period in comparison to Economic development which is a broader concept than economic growth, focusing on improving …show more content…

Standing 19th in the world with it’s Gini Index on income inequality income inequality of 51.9%. Through manipulating ‘Bolsa Familia’ program in 2003, they were able to raise the lowest income earners towards the middle class. The Bolsa Familia is targeted at a quarter families of it’s 190 Million population who are in financial trouble providing small cash transfers to families costing 0.4% of Brazil’s GDP p.a in 2013. Thus, reducing its poverty rate to at least 50% since 1993 (Refer to Graph.10), while 29Million citizens have advanced into the middle class. According to the OECD, the number of citizens living below the poverty line declined from 43million in 1993 to 21.42mill in 2009. In Graph 12, shows the income distrubition in 2009 while figure 2 display the values for each income group. Figure 2, shows that in the lowest income share, 20% of it’s population have to live with 3.2% of the total income generated in the country. In comparison, the richest 20% accounts for 58.5% of all the total income earned. Data from the last few decades indicate that the lowest income has increased it’s income share margin from 2.7% in 2000 to 3.2% in 2009, a rise of 15.6%. On the other hand, the highest income group has lost it’s share, from 62.3% to 58/5% within the nine

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