Name: Hani Alosif
Class: ECO 201
Date: 2/13/2018
The Brazilian economy follows a market economy as it is a free economy and depends
on the export of natural and mineral resources. Brazil ranks ninth in the world’s largest
economy and ranks first in Latin America. Brazil’s economy is stable and robust after the
economic crisis called the “crisis of confidence” in 2002. The government facilitated foreign
investment and supported local companies for export.
Economic problems
Economic problems have been exacerbated by the devaluation of the Brazilian riyal
against the US dollar, inflation and high levels of public debt. This has led to a crisis of
confidence and weak growth rates. In addition to the problem of severe shortage of electricity