Economics Commentary Number: III
Title of Extract: Brazil Eyes Ethanol as Fast Track to Power
Source of Extract: The Christian Science Monitor
Date of Extract: June 6th, 2007
Word Count: 750 Words
Date the Commentary was written: October 11th, 2007
Section V: Development Economics
Candidate Name: Shay Sidelnik
Candidate Number: 000233-049
This article is about Brazil planning to develop into an economic power by using its alternative fuel known as ethanol. Brazil is the biggest producer of this alternative fuel and it plans on doubling the production of this fuel over the next decade as the worldwide demand for alternative energy rises greatly. Brazil by all means has the potential to be one of the greatest economic powers in the world, and the country hopes that ethanol will speed up the process of becoming one. Over the past few decades Brazil has invested billions of dollars in agriculture and in past few years Brazil has surpassed the United States as the world's agriculture superpower, and the next step is to become an economic superpower. Brazil seems to be planning an export oriented development plan where it is going to concentrate on exporting ethanol. An export oriented development plan is when a country chooses to concentrate on exports opening its industries to worldwide competition and eliminating most protectionism policies (polices taken to protect local industries).