Brazil : Embracing Globalization Essay
This case is about Brazil's development strategy since World War II and about the change of the economic model following the debt crisis of the 1980s. In 2000, Brazilian officials were pondering whether to go for regional integration (Mercosur) or globalization to ensure the country's economic prosperity and development.
After the Great Depression of the 1930s, Brazil followed an import substitution strategy which consisted of massive government investment, targeting of key industries, and protection against competition with high tariffs walls.
1. Positive effects of this policy : the Brazilian economy experienced rapid growth and considerable diversification. …show more content…
International advantages : allows countries to assert their interests from a stronger and more confident position in the international arena. Developing countries really have to integrate into world markets if they wish to succeed.
3. Alternatives : to find viable alternatives, we have to look at the opportunities and threats
Brazil owns over 270 million hectares of unused land with a potential for agricultural use. This opportunity provides a potential resource for the poorer Brazilians. The creation of