Bric Summary

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The author Pereira (2013) begins by admitting to the reputation that Brazil has in the acronym BRIC. He starts off by making readers aware of why such a reputation for this Hispanic country has spiraled out of control. For instance, Pereira (2013) acknowledges that Brazil has the lowest growth rate out of the other countries, specifically India and China. This could be due to the habit that the country has always had, which is saving much more than spending. Pereira (2013) goes on to mention that the country’s citizens have gotten into severe debt only in the past few years, therefore, furthering slowing its growth rate even more. The article even states that although Brazil has experienced a commodity enhancement and is an owner to a high currency, its exportation percentages …show more content…
Secondly, since Brazil is a country with very little threat and no nuclear weapons, it spends the least money on its security. Lastly, the country’s several acres puts it at a high advantage due to all of the natural resources that it provides for trade and commerce. In fact, Brazil’s famous soy and beef contribute tremendously to its agricultural status. Likewise, Brazil’s concern for our planet has motivated actions that lead to a reduction in deforestation and a raise in sanitized drinking water, making it an environmental friendly country. Brazil has even switched to safer energy sources to depollute the atmosphere as much as possible. Correspondingly, the author includes the improvements that Brazil has made when it comes to the job inequality. “Between 2003 and 2011, about 30 million Brazilians joined the so-called "new middle class," earning between GBP100 and GBP400 per capita per month, and gaining access to formal sector employment, credit, and the country's large consumer market” Pereira (2013). The author concluded his article by insuring readers that although Brazil is the slowest grower out of the four countries, it still has strong assets that make it

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