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Off the Yellow BRIC Road

Off the Yellow BRIC Road. Dr. Wendy Jeffus Harvard Extension School. BRIC. Real ~75%. Population. Ruble ~23%. GDP (PPP $M). Rupee ~20%. Yuan ~10%. Does Brazil Belong in BRIC?. Key Issues: Business Environment Inequality Foreign Debt Others….

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Off the Yellow BRIC Road

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  1. Off the Yellow BRIC Road Dr. Wendy Jeffus Harvard Extension School

  2. BRIC Real ~75% • Population Ruble ~23% • GDP (PPP $M) Rupee ~20% Yuan ~10%

  3. Does Brazil Belong in BRIC? • Key Issues: • Business Environment • Inequality • Foreign Debt • Others… Photo Sources: wikipeida, google images

  4. Brazil: Business Environment http://www.doingbusiness.org/ (Exhibit 17)

  5. Inequality Source: CIA World Factbook *plus underemployment **urban unemployment GINI coefficient: 0 to 100 where 0 represents perfect equality

  6. Brazil: History • Portuguese Settlers • Sugar • 1822 Independence from Portugal • Coffee • “Brazilian Miracle” 1968-1976 • Military Government achieved 9% growth per year • Forced Savings • Liberalized financial markets • Subsidized loans to domestic industries Photo Sources: wikipeida, google images, economist

  7. Brazil: Finance 1982 Suspended payments on foreign debt 1994 Annual inflation was 2500% 1999 Currency Crisis Photo Sources: wikipeida, google images, economist Source: World Fact Book

  8. Brazil: Lula • First Term (1/03 – 12/06) • Macroeconomic Stability • Strong Export Promotion • Redistribution of Wealth

  9. What are your suggestions? • Second Term (1/07 – 12/11) • Inequality/Crime • MicroCredit • Employment Opportunities Source: wikipeida, www.economist.com/surveys/displaystory.cfm?story_id=8952496

  10. McKinsey: 5 Obstacles • Informal Sector (Exhibit 17) • Macro Environment • High real interest rate • High government debt • Red Tape • Public Services • Education • Justice • Security • Infrastructure

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