Macroeconomics In Brazil
Macroeconomics- Final Project
Source: The World Bank & OECD- All figures are annually based.
The country of Brazil is the both the largest, in terms of territory, and most populated country in South America. The country’s largest exports consist of coffee, iron ores and concentrates, petroleum oil, raw sugar, and soya beans. Brazil’s largest trade partners (in both import and export) include: China, The United States, and Argentina. (The Atlas of Economic Complexity, 2011)
Source: The World Bank & OECD- All figures are annually based.
Mexico is the second largest country economy and population in Latin America, behind Brazil, bordered directly by the U.S. to the North and Central America to the south. The country’s largest …show more content…
New emerging markets, such as offshore drilling, have created new jobs in the country, and Brazil has hurried to fill these positions, freeing up many job opportunities for recent graduate students or workers reentering the workforce to fill. However, it is important to consider that the number of actual people in Brazil employed has declined in recent years, but the number of people actively looking for work as declined at a much faster rate, pushing the unemployment rate down. According to the Wall Street Journal (Fick, 2013), the Brazilian government calculates that those who have removed themselves from the labor force are the elderly and students at university level; due to Brazil’s high salaries- their income is not needed to supplement family income during the country’s time of prosperity. Due to the country’s currency appreciation, salaries have tripled since 2007, way above the inflation mark. The country’s stimulus of their credit market (which increased lending) has created millions of new middle-class consumers with high consumer demand for new homes, cars, retail goods and services. Brazil also invests in educational programs for its workers thus increasing its human capital and productivity …show more content…
(2013). Brazilian unemployment matches record low, but more dropping out of work force. Wall Street Journal, Retrieved it from http://blogs.wsj.com/economics/2013/12/20/brazilian-unemployment-matches-record-low-but-more-dropping-out-of-work-force/
Organization for economic cooperation and development. (OECD) (n.d.). Retrieved it from http://stats.oecd.org/ http://www.nationsonline.org/oneworld/brazil.htmThe atlas of economic complexity. . (2011). (Master 's thesis, MIT), Available from The Economic Complexity Observatory: An Analytical Tool for Understanding the Dynamics of Economic Development. Retrieved it from http://atlas.media.mit.edu/country/bra/The world bank. (Mexico) (n.d.).Retrieved it from http://www.worldbank.org/en/country/mexico
Mankiw, N. G. (2008). Principals of Macroeconomics (6th ed.). Mason, OH: Cenage Learning.Mexico 's trade deficit widens. (n.d.). Retrieved from http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYsQYY62cqSYWilliams, S. (2011). Why is brazil an emerging market economy?. (Master 's thesis, University of Iowa College)Retrieved it from http://ebook.law.uiowa.edu/ebook/uicifd-ebook/why-brazil-emerging-market-economyWorld trade organization. (n.d.). Retrieved from
Source: The World Bank & OECD- All figures are annually based.
The country of Brazil is the both the largest, in terms of territory, and most populated country in South America. The country’s largest exports consist of coffee, iron ores and concentrates, petroleum oil, raw sugar, and soya beans. Brazil’s largest trade partners (in both import and export) include: China, The United States, and Argentina. (The Atlas of Economic Complexity, 2011)
Source: The World Bank & OECD- All figures are annually based.
Mexico is the second largest country economy and population in Latin America, behind Brazil, bordered directly by the U.S. to the North and Central America to the south. The country’s largest …show more content…
New emerging markets, such as offshore drilling, have created new jobs in the country, and Brazil has hurried to fill these positions, freeing up many job opportunities for recent graduate students or workers reentering the workforce to fill. However, it is important to consider that the number of actual people in Brazil employed has declined in recent years, but the number of people actively looking for work as declined at a much faster rate, pushing the unemployment rate down. According to the Wall Street Journal (Fick, 2013), the Brazilian government calculates that those who have removed themselves from the labor force are the elderly and students at university level; due to Brazil’s high salaries- their income is not needed to supplement family income during the country’s time of prosperity. Due to the country’s currency appreciation, salaries have tripled since 2007, way above the inflation mark. The country’s stimulus of their credit market (which increased lending) has created millions of new middle-class consumers with high consumer demand for new homes, cars, retail goods and services. Brazil also invests in educational programs for its workers thus increasing its human capital and productivity …show more content…
(2013). Brazilian unemployment matches record low, but more dropping out of work force. Wall Street Journal, Retrieved it from http://blogs.wsj.com/economics/2013/12/20/brazilian-unemployment-matches-record-low-but-more-dropping-out-of-work-force/
Organization for economic cooperation and development. (OECD) (n.d.). Retrieved it from http://stats.oecd.org/ http://www.nationsonline.org/oneworld/brazil.htmThe atlas of economic complexity. . (2011). (Master 's thesis, MIT), Available from The Economic Complexity Observatory: An Analytical Tool for Understanding the Dynamics of Economic Development. Retrieved it from http://atlas.media.mit.edu/country/bra/The world bank. (Mexico) (n.d.).Retrieved it from http://www.worldbank.org/en/country/mexico
Mankiw, N. G. (2008). Principals of Macroeconomics (6th ed.). Mason, OH: Cenage Learning.Mexico 's trade deficit widens. (n.d.). Retrieved from http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYsQYY62cqSYWilliams, S. (2011). Why is brazil an emerging market economy?. (Master 's thesis, University of Iowa College)Retrieved it from http://ebook.law.uiowa.edu/ebook/uicifd-ebook/why-brazil-emerging-market-economyWorld trade organization. (n.d.). Retrieved from