The Development of Brazil. Business & Marketing Research Paper

The Development of Brazil
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The Development of Brazil
Geographically, Brazil occupies a more significant fraction of the South America Continent, covering 48% of the area. It also includes islands in the Atlantic Ocean. Although the country has many characteristics of a developed nation such as being the leading economy in South and Central America, Brazil is mostly considered a developing economy; due to its low gross domestic product (GDP) per capita, high infant mortality rate, low living standards, social inequalities, and other factors ((Litschig & Lombardi, 2019). A developed country should have a higher GDP, low mortality rate, and better living standards.
As of 2018, UNESCO established that the adult literacy rate of Brazil was 92.05%. More women than men were literate, a phenomenon observed only in a few countries. Often, men have a higher literacy rate compared to women. However, the country had 92.34% of women aged over 15 years’ literate, while 91.73% of the men were literate (Litschig & Lombardi, 2019). The Brazilian administration makes it compulsory for all children between ages 6 and 14 to attend school. Even children who are a few months to reaching the school-going age can be enrolled provided they will be turning six years old when the semester commences (Amuka, Asogwa, Agu & Ugwu, 2019). The initial nine years of education are compulsory and are called Fundamental Education (FE). They comprise two levels namely FE1 and FE2.
According to UN data, Brazil’s population as of 2019 was 211, 049,527, with an annual growth rate of 0.9% witnessed since the 1990s. Brazil’s gross national income (GNI) was $9,390 in 2010, which was above the mean of $5,884 considered to be upper middle income. In 2015, the GNI was $10,160, in 2016 it was $8, 930; in 2017 GNI was $8,670 while in 2018 it stood at $9,140 (Litschig & Lombardi, 2019). While the GNI declined between 2010 and 2016, it increased from 2017, perhaps suggesting an improving economy. In 2016, Brazil’s population was 209.4 million people and its GDP was 1.775 trillion US dollars; It has an average GDP of $8,727.1 (Amuka et al., 2019). While its GDP is greater than that of most developing nations, Brazil is still below the threshold of $12,000 that a country requires to be considered developed.
Brazil is among the countries with the highest urbanization rates across the globe. Compared to 57% of middle-income nations that live in urban areas, Brazil has 87% of its population living in urban areas. At birth, the country as a life expectancy of 73 years. The 2014 Football World Cup and the 2016 Olympic Games were hosted in Brazil (Litschig & Lombardi, 2019). The events required substantial investment in infrastructure and tourism amenities. Its main trading partners are the USA (10% of its exports), China (15%), and Argentina (9%) (Amuka et al., 2019). Transnational companies in Brazil a...