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It's true that GDP per capita is lower in Brazil while the population is much higher. I think another factor that needs to come into play is the inequality among the different states of Brazil.
The southern states of Brazil have high development indices and are also the ones who continue to make the most improvement. This is also the same when it comes to GDP per capita
This then puts a bit of nuance behind the simple idea that Brazil has more people--it's that one large swath (with a population that is comparable to the UK's) of Brazil is becoming comparable to developed countries while another one is more or less being left behind.
Also, keep in mind that Brazil's population growth isn't the only factor because it's actually not growing at a very quick rate. GDP per capita for Brazil overall, but especially the southern states, is growing really quickly.
Exactly. Good post. Brasil's population isn't growing at an extreme rate, but its economy is. The level of development here in São Paulo is astonishing. Unlike the "boom cities" in places like the Southern United States, the development isn't due to a large influx of people coming to live in the city...it's due to an influx of economic activity, leading to a better QOL.
The butthurt being shown here by some of the Euros is pretty funny and sort of sad. Brasil doesn't--and will likely never--have the great healthcare, education system, crime level, etc of the UK and most of Europe...but that doesn't mean it isn't making vast strides to improve itself. Not only is there a huge boom in new housing developments here in SP, but homicides have more than halved in the past decade. Even the notorious Rio de Janeiro has seen a very large drop in homicides. There are still tons of roadblocks that Brasil needs to overcome--taxes in particular--but it will continue to improve. I don't get what you're trying to accomplish by attempting to tarnish the accomplishments of the country.
What exactly is it you're scared of?
Having countries develop like this is good for everybody. Places like the US and Europe aren't growing like the BRICs, but the economic opportunity is outrageous for all involved. We're talking massive infrastructure upgrades and about 200,000,000 new consumers coming into the world market...along with an opportunity to open up the rest of South America, which adds another couple of hundred million consumers.
That 2050 forecast is funny:
USA: 88,443
UK: 75,855
Given the ever-increasing wealth gap and poverty in these two countries, I find it hard to believe being an average person in them will be better than Canada, Australia, and Germany in 2050 unless some serious changes occur in their governments. The median earnings of Americans keeps declining, they produce less and less for export. Same in the UK.
Not to undermine the fantastic achievements of the Brazilian government and their economy, but I think it will be "great" when/if they can provide a standard of living for their people that is on par with the UK and other Western nations.
With the poverty rate skyrocketing in the U.S., judging from recent reports, let's hope they find another model for providing a decent standard of living for their people than the U.S.!
50 million in this country without health insurance, yeah, yeah, yeah!
I just keep on being sceptical when it comes to those "miracle stories" of the BRIC countries (or BRICS, since apparently South-Africa is also a part of it nowadays). Although I acknowledge there's been a tremendous improvement in those countries, it remains to be seen if they can take the next step, to the level of a truly developed country...
And what country, do you suggest, should be their model?
Last edited by tijlover; 11-09-2011 at 12:24 AM..
Reason: edit
Brazil is so big that its only natural to be one of the largest economies on the plantet. With the recent accelerated economic growth rate, only someone living under a rock would be shocked to hear this type of news.
Good for Brazil that they're on their way to become the largest economy in the world.
Brazil is so big that its only natural to be one of the largest economies on the plantet. With the recent accelerated economic growth rate, only someone living under a rock would be shocked to hear this type of news.
Good for Brazil that they're on their way to become the largest economy in the world.
So is Nigeria huge, is it only a matter of time for them? Brazil has millions upon millions living in favelas, maybe you can boast about Brazil soon becoming the "biggest economy in the world" when that is sorted.
So is Nigeria huge, is it only a matter of time for them? Brazil has millions upon millions living in favelas, maybe you can boast about Brazil soon becoming the "biggest economy in the world" when that is sorted.
Brazil also has one of the fastest growing middle classes in the world in addition to a continously declining poverty and inequality rates while Nigeria doesn't, and that makes all the difference.
Unlike Nigeria, Brazil is considered to be a BRIC nation (Brazil, Russia, India & China), aka the countries keeping the world economy afloat while Europe, the US and Japan continue in their slump.
Things have changed. We no longer live in the world of the 20th Century.
Brazil also has one of the fastest growing middle classes in the world in addition to a continously declining poverty and inequality rates while Nigeria doesn't, and that makes all the difference.
Unlike Nigeria, Brazil is considered to be a BRIC nation (Brazil, Russia, India & China), aka the countries keeping the world economy afloat while Europe, the US and Japan continue in their slump.
Things have changed. We no longer live in the world of the 20th Century.
Yeah, right. You do realize they all combined have a much, much...MUCH larger economy than BRIC? You are comparing your compost pile in your garden to the Mount Everest here. Let alone the fact BIRC sells a crap load of their good to these countries. If anything, BIRC will go down before anybody else.
Yeah, right. You do realize they all combined have a much, much...MUCH larger economy than BRIC? You are comparing your compost pile in your garden to the Mount Everest here. Let alone the fact BIRC sells a crap load of their good to these countries. If anything, BIRC will go down before anybody else.
You do realize that an economy that grows an average of say 7% per year, doubles its national wealth every 10 years while an economy that grows say 2% a year doubles its wealth every 36 years.
With that in mind, lets see what's the growth rate of the following economies (as recorded in the CIA World Factbook):
United States 2.8%
European Union 1.8%
Japan 3.9%
Now the BRICs:
Brazil 7.5%
Russia 4%
India 10.4%
China 10.3%
The global average growth rate is 4.9%.
What this means is that, on average, the BRIC countries are not only surpassing the former center of the global economy (The West + Japan), but those countries are also becoming wealthier at a faster rate than the world at large.
Add to that a fast growing middle class and continously falling poverty rates and inequality among the BRIC countries, while stagnant to declining middle classes in the US, Europe and Japan as well as poverty rates that as of late have been rising.
Lets not hide our heads in the sand and pretend things are fine, they're not. The BRICs are fast catching up and there's nothing anyone can do to stop it, but much worst is that it seems that there's not much anyone can do to get The West + Japan back on the fast track either.
Now do the math and see how your 'we're still bigger than them' argument is quickly replaced by the question: for how long?
Its a new world and we have to learn to accept it for what it is, not what we want for it to be.
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