Globalisation in Brazil - possible extended

Question 1

INTRODUCTION -

Globalisation refers to what?

Answer 1

Globalisation refers to the integration between various nations and the increased impact of international influences on all aspects of economic growth and development.

Question 2

INTRODUCTION -

What is the difference between economic growth and development?

Answer 2

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time; while economic development is the process by which the well-being and quality of life of a nation, region or local community are improved.

Question 3

INTRODUCTION -
In order to manage both the positive and negative implications of globalisation on Brazil’s economy, the government did what?

Answer 3

Implemented various strategies such as macroeconomic policies designed to regulate the fluctuations in economic activity caused through volatility in global markets.

Question 4

INTRODUCTION -
The government has aimed to increase the attractiveness of the Brazilian market to foreign investors and trading partners through what?

Answer 4

The government has aimed to increase the attractiveness of the Brazilian market to foreign investors and trading partners through the implementation of microeconomic and market reforms.

Question 5

INTRODUCTION -
Increasing trade due to globalisation has had a negative impact on the environmental welfare of Brazil and thus, the government has implemented what scheme?

Answer 5

Increasing trade due to globalisation has had a negative impact on the environmental welfare of Brazil and thus, the government has responded through The Amazon Region Protected Areas program (ARPA).

Question 6

INTRODUCTION -

In order to respond to developmental issues such as poverty, what program has the gov implemented?

Answer 6

Brazil has implemented the Family Program in order to respond to other economic developmental issues such as poverty.

Question 7

GDP PARAGRAPH -

Due to the volatility of Brazil’s emerging economy, it has experienced what over the past decade?

Answer 7

Due to the volatility of Brazil’s emerging economy, it has experienced very sharp changes in GDP growth over the past decade.

Question 8

GDP PARAGRAPH -
During 2010 GDP annual growth reached what and decreased to what in 2011?
This was said to be the cause of what?

Answer 8

During 2010 GDP annual growth reached 7.5%, however, later decreasing dramatically to 3.9% in 2011. This was said to be the cause of weak export growth as a result of China’s low economic activity, in addition to the pressures of foreign competition on domestic markets.

Question 9

GDP PARAGRAPH -

In response to a deep recession from 2014-2016, Brazil did what?

Answer 9

Brazil solved many issues regarding corruption and implemented a reform of fiscal policy. The government decided to take a contractionary stance on fiscal policy to create a smaller deficit.

Question 10

GDP PARAGRAPH -

By solving corruption issues and implementing a fiscal policy reform, what occurred?

Answer 10

Foreign investors began to regain confidence in the economy and Brazil was able to increase foreign direct investment flows.

Question 11

GDP PARAGRAPH -
More recently, GDP has returned to a slump due to a lack of consumer spending. Subsequently, the government has decided to do what?

Answer 11

More recently, GDP has returned to a slump due to a lack of consumer spending. Subsequently, the government has decided to take an expansionary stance on monetary policy, by putting downward pressure on interest rates, encouraging individuals to increase consumption.

Question 12

TRADE PARAGRAPH -
Trade has played an increasingly important role in the Brazilian economy during the globalisation era, particularly in the global resource boom from ? to ?

Answer 12

Trade has played an increasingly important role in the Brazilian economy during the globalisation era, particularly in the global resource boom from 2003 to 2011

Question 13

TRADE PARAGRAPH -
Brazil is a large supplier of what, including what. As prices for these commodities increased, driven especially by demand from ? and ?, what happened to the value of Brazil’s exports and what occurred after this?

Answer 13

Brazil is a large supplier of mineral resources, including iron ore, manganese and nickel. As prices for these commodities increased, driven especially by demand from China and India, the value of Brazil’s exports increased and the trade surplus rose.

Question 14

TRADE PARAGRAPH -

The globalisation of trade plays a large role in maintaining economic stability in Brazil, as what?

Answer 14

The globalisation of trade plays a large role in maintaining economic stability in Brazil, as poor conditions in China will largely impact export growth.

Question 15

TRADE PARAGRAPH -
Investment flows have an increasing impact on economic growth in Brazil, as the economy heavily relies on them to do what?

Answer 15

The economy heavily relies on them to fund development programs.

Question 16

TRADE PARAGRAPH -

In order to increase their attractiveness to foreign investors, Brazil launched an extensive plan for what?

Answer 16

In order to increase their attractiveness to foreign investors, Brazil launched an extensive plan for market reforms, including the deregulation of most industries and the abolition of state monopolies.

Question 17

TRADE PARAGRAPH -

By deregulating industries Brazil facilitated what, leading to what?

Answer 17

By deregulating industries Brazil facilitated competitive markets, leading to an increase in efficiency, incentivising firms to remain competitive.

Question 18

TRADE PARAGRAPH -
Monopolies have no motive of increasing what as they own what. Therefore, by removing monopolies, firms entering these industries are forced to do what?.

Answer 18

monopolies have no motive of increasing efficiency as they own the entire share of the market. Therefore, by removing monopolies, firms entering these industries are forced to become competitive, in turn, increasing their efficiency.

Question 19

TRADE PARAGRAPH -

Efficient and competitive businesses attract investors to do what in brazil’s industries?

Answer 19

Efficient and competitive businesses attract investors to endow their money into Brazil’s industries, as they are a reliable and safe investment.

Question 20

TRADE PARAGRAPH -
In 2015 FDI flows were ?% of GDP, in comparison to 2018 where they reached nearly ?% of GDP. Therefore in addition to expanding what within the economy, Brazil was able to do what?

Answer 20

In 2015 FDI flows were 3.35% of GDP, in comparison to 2018 where they reached nearly 4.73% of GDP. Therefore in addition to expanding the efficient industries within the economy, Brazil was able to increase foreign direct investment flows.

Question 21

FAMILY PRO PARAGRAPH -

Economic development can be evaluated through what including what, measured by what?

Answer 21

Economic development can be evaluated through quality of life indicators including literacy rates, general health levels and life expectancy, measured by the Human Development Index (HDI).

Question 22

FAMILY PRO PARAGRAPH -

The HDI is a score between ? for nations with what and 1 for maximum what?

Answer 22

The HDI is a score between 0 for nations with no human development and 1 for maximum human development.

Question 23

FAMILY PRO PARAGRAPH -
In 2002 Brazil had a HDI of what, however with the implementation of what, it has increased to the current value of what?

Answer 23

In 2002 Brazil had a HDI of 0.698, however with the implementation of development schemes, it has increased to the current value of 0.761.

Question 24

FAMILY PRO PARAGRAPH -

In response to globalisation Brazil has aimed to increase what to remain what?

Answer 24

In response to globalisation Brazil has aimed to increase the long term efficiency of the workforce to remain competitive in the global market.

Question 25

FAMILY PRO PARAGRAPH - | To increase the long term efficiency of the workforce, the gov has implemented what?

Answer 25

The Family Program under the Lula administration aims to assist poor households by providing small cash transfers in return for keeping their children in school and attending preventive health care visits - A.K.A CCTs

Question 26

FAMILY PRO PARAGRAPH - Conditional Cash Transfer policies (CCTs) have had positive implications on literacy rates from 2004 starting at ?%, now reaching ?%.

Answer 26

CCTs have had positive implications on literacy rates from 2004 starting at 88%, reaching 92%.

Question 27

FAMILY PRO PARAGRAPH - Despite their positive impacts, cash transfer policies have been known to be what to economic growth in the short term as they imply what?

Answer 27

Despite their positive impacts, cash transfer policies have been known to be detrimental to economic growth in the short term as they imply a shift of resources to the less productive share of the population.

Question 28

FAMILY PRO PARAGRAPH - In the long-term, CCTs create highly ? and ? labour resources, elevated levels of what and increased health standards, resulting in higher what?

Answer 28

In the long-term, CCTs create highly educated and skilled labour resources, elevated levels of educational attainment and increased health standards, resulting in higher productivity levels among the workforce.

Question 29

ARPA PARAGRAPH -Environmental sustainability is a large factor that may influence a nation’s level of what? This is due to the fact that many harmful acts against the environment also do what? For example, deforestation of the Amazon rainforest in Brazil, has adverse effects on what by doing what, in addition, contributing to what?

Answer 29

Environmental sustainability is a large factor that may influence a nation’s level of economic development. This is due to the fact that many harmful acts against the environment also negatively impact the health and wellbeing met by individuals. For example, deforestation of the Amazon rainforest in Brazil, has adverse effects on the air quality by reducing the amount of oxygen and increasing carbon dioxide, in addition, contributing to global warming.

Question 30

ARPA PARAGRAPH - | Globalisation has had detrimental effects on the environment through for example ?, ?, ? and ? industries.

Answer 30

Globalisation has had detrimental effects on the environment through for example tourism, transportation, mining and wood-chip industries.

Question 31

ARPA PARAGRAPH - | To combat harmful practices such as deforestation, Brazil’s has since implemented what program?

Answer 31

To combat harmful practices such as deforestation, Brazil’s has since implemented the Amazon Region Protected Areas Program (ARPA).

Question 32

ARPA PARAGRAPH - | The ARPA is a government program that was created with the goal of what while also doing what.

Answer 32

The ARPA is a government program that was created with the goal of expanding and strengthening the Brazilian National System of Protected Areas in the Amazon while also promoting sustainable development in that region.

Question 33

ARPA PARAGRAPH - | Upon its completion in ?, the ARPA program now conserves almost ? hectares of rainforest.

Answer 33

Upon its completion in 2018, the ARPA program now conserves almost 70 million hectares of rainforest.

Question 34

ARPA PARAGRAPH - Although this task for sustainability took over ? years and challenged ?, its positive effect on the Amazon has been beyond remarkable with statistics showing it has done what?

Answer 34

Although this task for sustainability took over 10 years and challenged the government financially, its positive effect on the Amazon has been beyond remarkable with statistics showing it has more than doubled the area under protection, prior to the programme's initiation.

Question 35

CONCLUSION - | The integration of what as a result of what has had a wide range of impacts on Brazil.

Answer 35

The integration of economies as a result of globalisation has had a wide range of impacts on Brazil.

Question 36

CONCLUSION - | Their what on what has meant that economic activity experienced by ? has had many effects on Brazil.

Answer 36

Their dependence on other economies has meant that economic activity experienced by such trading partners has had many effects on Brazil.

Question 37

CONCLUSION - | Correspondingly, the success of Brazil’s what, directly correlates with the success of its what and what?

Answer 37

Correspondingly, the success of Brazil’s GDP growth rate, directly correlates with the success of its trading partners and overall global markets.

Question 38

CONCLUSION - | However, Brazil has also had to respond to the adverse effects of what through ?, ? and ?

Answer 38

However, Brazil has also had to respond to the adverse effects of globalisation through reforms of markets, fiscal and monetary policy.