Brazil - The Perennial Under Achiever
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Case Code: ECOA104 Case Length: 17 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : Brazil, Latin America Themes: - |
Abstract Case Intro 1 Excerpts
Brazil did not become America because it didn't want to. It was not as a nation prepared to sacrifice everything for economic progress, as America was. Perhaps it is our cultural choice, rather than a failing, that we are not prepared to sacrifice present well being for future prosperity.
- Eduardo Giannetti, Economist and Philosopher.
Introduction
Brazil, the largest country in Latin America and the fifth largest in the world was endowed with huge natural resources. With 160 million people, Brazil accounted for one third of the population of Latin America. Brazil had a genuinely federal structure. Its 26 states had substantial economic and political autonomy. Brazil was classified as a middle-income country. But the country had glaring income disparities. The poorest 50% accounted for only 10% of the national income, the same as the richest 1%. Brazil was the world's most prominent coffee-producer.
The country had vast mineral and hydroelectric potential and hardwood forests...
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