The Brazilian economy is now estable, Brazil is categorized as a country in
development, such as India, for example. Most specialists believe the country
does not develop as much as it has potential to do so because of the government,
which is filled with corruption, stealing, and lack of will do work and make
Brazil a bigger and stronger country.
The Brazilian currency is now the Real (R$), although it has changed a lot
during the years so that the inflation could be controled, but it has now
been stablished. The real is getting stronger as the dollar price falls down,
that happens because Brazil is a country that still depends a lot on
other countries, it is not a self sustaintable country at all.
Brazil has huge sources of money, such as oil and steel companies, and a lot
of multionacional companies have been installed there, mainly because of
the low salaries the workers receive (the minimum wage in Brazil is R$400,00 which is
no more than $250,00), and the low price of the brute products too.And also,
the government gives special treatment for these companies, such as free terrain,
or make them tax-free for up to 10 years. So it ends up being a very good deal for them.
to have companies there.
Brazil is a country that still has a lot to develop economicaly, and that is
something that is not going to change until there are changes from the government,
one thing that Brazil is also remembered for is that they are the country with the highest
taxes on the world, and unfortunately, this money is not used correctly. It is a country
with a huge potential that is not being explored.