Background Brazil is one of the richest countries in the world with gross domestic product (GDP) of $ 2,253 billion. Brazil will host the World Cup in 2014 and will host the Olympic Games in 2016. Hosting these two events will undoubtedly lead to the majority of domestic investment. With its flexible banking system, low inflation and a strong domestic market, Brazil's economic growth is stable. However, Brazil has experienced income disparity, social factors such as education, health, and livelihoods.
Therefore, Brazil's strong economic growth seen in the first decade of the 21st century is mainly due to external factors, not the country's prudent management and development strategy. As you can see, these external factors are soon depleted and weaknesses inherent in the Brazilian economy are revealed. (For details, see the source of economic indicators in Brazil.) Currently, due to the end of the world's commodity boom cycle, slowing economic growth in China, and a decline in capital inflows in emerging countries, the economies of all Latin American countries The growth rate has declined. Brazil is no exception. It is clear that the state simply can not wait and that these external factors hope to rekindle.
Brazil has not received the best media coverage at the moment, and there are still problems with the construction of the World Cup stadium and protests on public services. Some commentators believe that the economic growth of the country has slowed recently and recent government response seems to be "a fatal problem for Brazilian economic strategy". As other developing countries behind the exaggeration can learn from Brazil's recent experience, we need to understand this deeply. In countries like Zambia, the growth rate has not been converted to poverty reduction or Nigeria, and the gap has dramatically expanded over the past 20 years.