Question

Despite - internal social and economic problems, Brazil still possesses vast growth potential.

Discuss in detail the advantages of Brazil's developmental opportunities, emphasizing its natural

resources in a subregion-by-subregion survey.

Answer 1

Brazil is one of Latin America's most stable nations, but it has faced political turmoil, social and economic problems for some decades, but the nation still has tremendous growth potential for reasons;

1. Brazil has abundant forest resources and fertile land attracting a large number of companies in the country that will provide youth employment and alleviate potential poverty.

2. Brazil is a rapidly growing country and a large part of various multinational organizations, such as BRICS, IBSA etc., and thus has enormous potential for attracting investment through MNCS and many other corporate offices.

3. Brazil has huge potential for agricultural commodities such as sugarcane, banana, coffee, tea etc. because its tropical climate and thus attracts huge potential in-trade opportunities.

4. A large proportion of Brazil's population is young and thus the dependence ratio is lower, and if the manufacturing sector is improved it would contribute to tremendous growth in Brazil.

5. Major cities such as Sau Paulo, Brasilia, Rio de Janeiro draw huge numbers of visitors and the natural beauty of Amazons has tremendous tourism growth potential.

Please don't forget to like the solution if it is helpful. Thank you.