by Marcus Vinicius Tenente Ahmar Although its stocks are negotiated in the international markets, Petrobras is a Brazilian oil company mostly owned by the Brazilian Treasury. The company was founded in 1953 by former president Getulio Vargas to provide the government with oil production security.[i] Oil security would assure the country’s industrial progress in a complex… Read More From National Pride to International Take-Down
by Luiz Pinto China is unstoppable. Within less than a year, Beijing-led initiatives pledged to mobilize US$477 billion to enhance South-South cooperation and finance trade, infrastructure and industrial projects overseas. High-profile ventures such as the New Silk Road and BRICS-sponsored projects are likely to benefit most.
by Cassiano Alves and Leticia Corrêa On June 28th, President Dilma Rousseff landed in the United States for an official visit, leaving behind an economy in imminent recession and a country in political crisis after the corruption scandal involving state-owned oil company Petrobras. Speculation over Mrs. Rousseff’s impeachment resurfaced after a national magazine reported that… Read More Will Dilma Rousseff be able to foster foreign direct investment to save the fiscal package and resume economic growth?
Brazil is in crisis. The economy shrank 0.2 percent in the first quarter, and the forecast is for negative growth of 1.2 percent this year. Unemployment rate reached 6.4 percent in April, its highest level in four years. There is also pessimism on consumer prices, raising the 2015 inflation forecast from 7.93 percent to 8.12… Read More New Infographic Series on the Economic and Political Situation in Brazil
by Eloy Oliveira The ability to broadly provide infrastructure for its population is the basic premise for a country’s sustainable growth and economic development. There is a great consensus among scholars that infrastructure directly affects the development of a society (ABOSEDRA et al., 2009; MANDEL, 2008; FRISCHMANN, 2007; PENDSE, 1980). As used, the term infrastructure is very… Read More The Infrastructure Issue in Brazil