Is Brazil a rising superpower?

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Assessment: Is Brazil a rising superpower?

Brazil’s economy is growing by 7%, three times faster than America. Brazil's economy has become the world's sixth-largest economy, overtaking the UK.  This is because of it’s large resources and many exports. Brazil is the world’s largest producer of iron ore and 150 miles off the coast, there are the largest discoveries of oil found anywhere in the world. It is also the world’s leading exporter of beef, orange juice, chicken, sugar, coffee and tobacco, most of which is bound for China. China is Brazil’s leading trade partner. Brazil also has the world’s largest cattle industry and a large auto industry. In addition, tourists, football, carnivals and beaches play a large part in Brazil’s economic growth.

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On the other hand, figures recently released how Brazil’s economy barely grew in the first quarter of 2012. Brazil’s  last year registered its second-worst performance since 2003. A reason for this could be the unemployment rate increasing by 9% since 2009, whereas England was 7%.

Brazil has many positive environmental impacts. It has vast expanses of durable farmland, an abundance of natural resources and 14% of the world’s fresh water. 47% of the country’s energy is already green and 80% of its electricity comes from hydro-electric power. It has the most sophisticated biofuels industry in the world. Also, there are many benefits from ...

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