Question

QUE// DISCUSS VIVIDLY THE IMPACT OF GLOBALIZATION ON ECONOMIC , SOCIAL AND POLITICAL CONDITION IN BRAZIL.   

Answer 1

Brazil endured economic instability, high inflation and high rates of inequality in wealth and poverty for many years. New reforms and domestic market expansion have had positive impact on Brazil as far as economic stabilisation is concerned.

Globalization is a growing trend, and it has had tremendous impacts on the environment and people. Trade liberalization has resulted in increased inflows of foreign direct investment, and has also increased international trade in Brazil. Brazil has gained more influence within international organizations during the age of globalization and economic development, and has become an important addition to international politics. Together with India and China, Brazil is ranked as one of the countries offering the highest forecast growth in the next 25 years.
Brazil has been number two of the world's developing economies attracting high rates of foreign direct investment over the last decade. In the past five decades the Brazilian economy has undergone some major changes. The economy also changed during these decades from being a strong state-oriented economy to a more market-driven economic model. Many market-oriented changes under trade liberalization and privatization were made in the 1990's and early 2000's. In the early 1990s, the nation was faced with economic problems

In recent years, Brazil has undergone changes in poverty alleviation and wealth inequality. There have been two periods since the beginning of the 1990s in which wage disparities have been substantially reduced: between 1992 and 1994, and between 2003 and 2005. The first spike was due to the immediate effects of the high inflation disruption, while the more recent decrease represented a small increase in the level of employment, changes to the real value of the minimum wage and the effect of pension and welfare programs