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
Excerpts
Background Note
Early History
The treaty of Tordesillas (1494) between Spain and Portugal gave Portugal claim to the eastern portion of the then undiscovered continent of South America. Colonial rule, which started from 1500, continued till 1815 (See Exhibit V)...
Economic Policies
The Brazilian government had traditionally been the dominant player in the economy, through wage, price, credit policies, subsidy and fiscal incentive programs. Under Cardoso, the government had attempted to reduce its involvement in the economy and sharpen its focus on public health, safety, and education...
The Industry
The Much of Brazil's industrial development after the Great Depression of the 1930s was the result of nationalism and state initiatives. The government took control of some of the country's largest industrial enterprises, usually in partnership with one or more local or foreign corporations...
Foreign Trade
Exports accounted for only a small fraction of Brazil's national income. But they were important as the country had to import various capital goods and raw materials, particularly crude oil. The traditional dependence on agricultural products for exports had however decreased over the years. Manufactured wares had begun to account for an increasingly greater share of exports since the mid-20thcentury. Brazil had opened its market to international trade in recent years. Peak applied tariff rates were only 35%...
Foreign Investments
Foreign investment had played an important role in Brazil's economic development. In the 1990s, the country had lifted many restrictions to attract foreign investors. They had been permitted to invest in the Brazilian stock market since 1991...
Education
Education was compulsory in Brazil, for children in the age group of 7 to 14. Public education was free at all levels. Not-for-profit private schools were also eligible for public funding. The 1988 Brazilian constitution allocated 25% of state and local tax revenues to education...
Future Outlook
The After assuming the Presidency on January 1st 2003, Lula promised a social revolution to address the problem of widespread poverty. The government revised upwards its 2003 target for a primary fiscal surplus, to 4.25% of GDP, to provide reassurance about servicing of public debt...
Exhibits
Exhibit I: Brazil: Key Economic Indicators
Exhibit II: Brazil: Inflation
Exhibit III: Brazil: Profile of International Trade
Exhibit IV: Brazil: US Contribution of Trade (in $billion)
Exhibit V: Brazil: Chronology of Important Events
Exhibit VI: Overview of Some Important Industries in Brazil
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