Brazil’s economy is by many misconsidered to be completely depending on exports of agriculture products and ores.
First of all, the importance of export to the GDP of Brazil is fairly low (<17%) compared to its peers (China,…). And secondly, its economy is extremely diversified.
Mercedes announced today that Brazil is its number one producer of trucks worldwide today, surpassing the production in Germany itself. The factory in Juiz de Fora (Minas Gerais) will be expanded substantially to fill in demand.
But this excellent letter from Alberto Desirelli to Marc Faber points to a much more painful shortsightedness of the developed world:
Thomson Reuters, which indexes scientific papers from 10.500 journals worldwide, analyzed the performce of four emerging markets compared to developed markets over the past 30 years.The Thomson Reuters figures show not only the “awe-inspiring” expansion of Chinese science but also a very powerful performance by Brazil, much slower growth in India and relative decline in Russia.
In contrast to China, India and Russia, whose research strengths tend to be in the physical sciences, chemistry and engineering, Brazil stands out in health, life sciences, agriculture and environmental research. It is a world leader in using biofuels in auto and aero engines.
Read the full articles in the Financial Times and The Telegraph.
Meanwhile, month after month, Belgian is breaking records with bankrupcy figures.
Also the entrepeneurial sector is kickstarting a vibrant period in Brazil, Ago Cluytens devoted an excellent piece on it on his Blog. The piece also featured on startupi in Portuguese.
Tags: research
