Brazil: a tough nut to crack

Article Abstract:

Brazil remains an attractive destination for foreign investment despite its ongoing economic problems. It has lost $25 billion in foreign exchange reserves in trying to defend the currency when it came under speculative attacks in Oct 1997 and Sep 1998. Consequently, the government had to limit its use of foreign funding which, in turn, resulted in a sharp increase in interest rates. One positive outcome of Brazil's current financial and international credibility crisis is that it has forced the government to acknowledge that much needed economic reforms can no longer be put off. It has promised the IMF surplus increases from 1999 t0 2001 in exchange for credit lines worth $40 billion. It has also proposed tough economic measures, including raising taxes, which are expected to have an adverse impact on ordinary Brazilians. Still, the country remains attractive for investment because of its large captive market and leadership role in Mercosur.

Economic aspects

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Joining the carnival?

Article Abstract:

Brazil's significantly improved economy is opening up attractive investment opportunities for investors. The economy was in shambles when military rule ended in the mid-1980s, but modernization began when Pres. Fernando Collor came into power in 1989. He worked on reducing trade barriers and in privatizing state-owned enterprises. Brazil's economic turnaround accelerated when Fernando Henrique Cardoso replaced Collor, who was forced to resign amidst a corruption scandal. Cardoso was the architect of the government's successful economic stabilization program called the Real plan. With a stable economy, a booming consumer market and large requirements for private infrastructure investment, Brazil is one country that many foreign investors will find hard to ignore.

Economic policy, Economic development

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Brazil and Japan give fuel to ethanol market

Article Abstract:

Brazil has negotiated with Japan to export ethanol produced from sugarcane, as burning ethanol recycles atmospheric carbon instead of releasing fossilized carbon into the atmosphere, thus reducing the accumulation of greenhouse gases. Brazil's ability to produce high volume and low cost sugar cane has given the country a competitive edge in the production of ethanol for world market.

Japan, Foreign trade, Industrial organic chemicals, not elsewhere classified, Brazil, Exports, Ethanol, Ethyl Alcohol Manufacturing, International trade, Japanese foreign relations, Alcohol, Alcohol industry, Brazilian foreign relations, Alcohol, Denatured

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