Globalization In Brazil

Globalization is said to be a tool and instrument for multinational corporations and global capital, but the reality is that it is sustained by government and institutions (trade.ec.europa.eu). They liberalize trade, protect investment, and define the size, shape, equity, and social justice of the global economy, and these lead to their goal to guarantee monetary stability. The global trading systems, such as the GATT and the WTO, is a political choice, and it can only be maintained by political choices. Governments are the ones who make the choice on behalf of their represented people. (trade.ec.europa.eu)

The highest expectations are expected from the world’s largest economies, the governments of America and Europe. In addition, deeply help

Europe was one of the firsts to notice the change that had set these economies isolating themselves from the developing world (trade.ec.europa.eu).

However, economists have referred Brazil as a “commodity country”, which is vulnerable to the effects of a natural resource course. Now, Brazil is trying to build competitive advantage in high-value added manufacturing, tourism and other service industries. Brazil’s future progress is confined due to a number of weaknesses, such as high taxes, a tendency towards import protectionism, weak infrastructure, corruption, crime and dominant monopolies. In addition, the Rio de Janeiro’s public transport network is one of the serious infrastructure problems: the city and its habitants have one underground train line.

The Developing World and its Industrializing

Trade liberalization is said to be something developing countries cannot benefit from. Brazil have cut their tariffs in the past to make economic sense (trade.ec.europa.eu). By taking additional step multilaterally, the faster growing developing countries can help the poorer

The poverty-reduction programs have been built to focus on increasing the percentage of adults in formal work, raising school enrollment rates, raising incomes for people in work, and boosting the non-labor income of Brazil’s poorest through an ambitious income transfer scheme known as Bolsa Familia. Bolsa Familia is an income transfer program, which was established in 2003. In 2011, it reached more than a quarter of Brazil’s population providing a small condition of cash payments to families. Balsa Familia targets on poorer families, provides transfer payments for older people and has been expanded to pay rural pensions. It targets the cash payments to those in greatest need, while linking transfers to families engaging with educational and other social policies. Other countries that have used this strategy too are Mexico, Chile and Columbia. Even though the percentage of the Brazilian population in extreme poverty has decreased from 23% to 8.3% and the country has achieved its own Millennium Development Goal to fight extreme poverty, much remains to be done. Brazil remains as a highly unequal country, where about sixteen million people live in extreme