Is Brazil Actually Ready to be a World Economic Power?

  • October 21, 2011
  • COL Vance F Stewart III

Brazil, a large and populous country, is blessed with an abundance of natural resources and long-standing ties and traditions to Europe; it is seen as a leader among the nations of the South American continent. Brazil's ascendancy into the world’s diplomatic and economic leadership circles has been fueled by an amazing ten year span of economic growth, backed by sound government budgeting and responsible social programs to improve its citizens' quality of life. However, the question remains, is Brazil actually ready to be a world economic leader? In order to answer the question, this paper reviews Brazil's growth over the past ten years, examines relevant economic indicators, and analyzes problem areas that may inhibit or derail future, sustainable progress.