Notably, in Latin America, especially in Brazil, development has grown both economically and for individuals in the region. Although, since the beginning, there were a few obstacles in the way of the country’s ability to grow effectively and maintain its state capacity (issues facing Brazil’s state capacity exists today, and impedes the countries consolidation for Democracy). Not to mention, the Brazilian President’s impeachment process cries out a majority of the wrong doings that are occurring in the 21st century. And due to the legacies left behind from the colonization of the Portuguese— over time, elites in power have managed to transition the economy around for development, which have been in their best interest. As a result, Brazil is
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In the meantime, he as president introduced educational reforms, enacted social-security laws, and assured workers wide range of benefits. However, Vargas did not make any changes in the private sector, nor did his social reform extend in practice to the rural areas for the poor . Specifically, at the end of the Second World War, Vargas was overthrown and political and economic liberalism was reintroduced in Brazil, but overruled by the foreign-exchange rate remained fixed till 1953. At this time there were persistent inflation and repressed demand in the region, which led to the payment crises. Early on in the 50’s, Brazil was convinced that the only way to achieve rapid growth in the economy, was to adopt explicit policies of import-substitution industrialization (this form of structural dependency led Brazil to become modernized like the West; in order for the economy to grow, they needed to engage in acts to help them achieve democracy). Brazil’s transition back to a democratic state was influenced on behalf of the military government who had been the authoritarian military government since 1964. This transition (as Huntington has said) was part of both the second reverse wave and third wave ; “by the late 1950s political development and regime transitions …show more content…
(where a country is able to only produce one product because all its other products are too expensive for countries to purchase) as mentioned by Collier . As of today, Brazil has not been struggling with transportation of items; in fact, their key exports are Iron Ore and Soybeans, since 2013, and have been considered as the 22nd largest exporter in the country, and continues to increase their trade from $205 billion to $247 billion over the past five years. Their top exporting destinations are China, the United States, Argentina, the Netherlands and Japan. It is actually interesting that China is one of Brazil’s trading partners because as Collier mentioned, the bottom billion will break into globalization, once development in Asia creates a wage gap with the bottom billion similar to the gap that was created with Asia and the rest of the rich world , but China continues to disrupt the economy in
In the meantime, he as president introduced educational reforms, enacted social-security laws, and assured workers wide range of benefits. However, Vargas did not make any changes in the private sector, nor did his social reform extend in practice to the rural areas for the poor . Specifically, at the end of the Second World War, Vargas was overthrown and political and economic liberalism was reintroduced in Brazil, but overruled by the foreign-exchange rate remained fixed till 1953. At this time there were persistent inflation and repressed demand in the region, which led to the payment crises. Early on in the 50’s, Brazil was convinced that the only way to achieve rapid growth in the economy, was to adopt explicit policies of import-substitution industrialization (this form of structural dependency led Brazil to become modernized like the West; in order for the economy to grow, they needed to engage in acts to help them achieve democracy). Brazil’s transition back to a democratic state was influenced on behalf of the military government who had been the authoritarian military government since 1964. This transition (as Huntington has said) was part of both the second reverse wave and third wave ; “by the late 1950s political development and regime transitions …show more content…
(where a country is able to only produce one product because all its other products are too expensive for countries to purchase) as mentioned by Collier . As of today, Brazil has not been struggling with transportation of items; in fact, their key exports are Iron Ore and Soybeans, since 2013, and have been considered as the 22nd largest exporter in the country, and continues to increase their trade from $205 billion to $247 billion over the past five years. Their top exporting destinations are China, the United States, Argentina, the Netherlands and Japan. It is actually interesting that China is one of Brazil’s trading partners because as Collier mentioned, the bottom billion will break into globalization, once development in Asia creates a wage gap with the bottom billion similar to the gap that was created with Asia and the rest of the rich world , but China continues to disrupt the economy in