The Brazilian Economy

The book I read to research this post was Brazil Is The New America by James Dale Davidson which is an excellent book which I read at

http://safaribooksonline.com

This book argues that Brazil is the economy to watch in the coming years and will attain the status Britain had in Victorian times & the USA currently has of being the strongest economy in the world. Brazil has had problems like debt and runaway inflation which was at around 6,000% and resulted in high speed cheque clearing systems that are only now catching on in the rest of the world. Brazil has abundant natural resources and is one of the 5 biggest nations in both area and population. Despite that it has a young population that is rapidly growing unlike China where the population is generally aging due to measures to curb any increase. Also Brazil is relatively sparsely populated with much land that is cheap and can be cultivated which has been attracting farmers from abroad. Brazil is the world's biggest producer of beef and poultry. The potential for alternative energy is huge with many fast flowing rivers and sunshine. There has been crude oil discovered which they are developing and the cost of crude is likely to rise in coming years as light crude becomes scarcer and they have to turn to more sulphurous crude which is more expensive to refine. The people in Brazil tend to be either very poor or very rich and a problem in developed countries is the cost of a benefits system which is right but does slow down the economy. I would like to read more on Brazil and I did really enjoy reading this book and it's an interesting subject.