The paper "Agrarian Reforms in Brazil" is a perfect example of an agriculture case study. The potential of Brazil to become a significant agricultural player in the global trade market can be attached to the unexploited fertile agricultural land as well as modern agricultural practices. This paper discusses the contribution of agriculture to the Brazilian economic growth and development. Brazil is a major player in the world economy, due to its vast resources and manpower. According to Gerd & Rodrigo, 2011, Brazilian agriculturally arable land is only exceeded by China, Australia and the US in terms of size, thus making agriculture play an important role in the economy of the nation.
According to a Policy Brief from OECD, October 2011, the Brazilian government has been able to institute numerous macroeconomic policies successfully through the present and the two most recent presidencies ( World Bank Report. 2009). This had ultimately made the country realize surprises in the trade balances as well as prevailing over the constant vulnerability of the foreign currency accounts that had a negative impact on access to external credit facilities by various government institutions. Introduction After nearly two decades of economic stagnation, Brazil has finally emerged from this economic mediocrity by experiencing relatively high economic growth in the decade period between 2000- 2010.
Michael (2009), asserts that most of the Latin American countries, including Brazil instituted economic policy plans and reforms aimed at ensuring both fiscal and monetary soberness, deregulation, economic openness and privatization by the mid-1990s. This resulted in convincing real GDP growth of between 3 and 4% per annum over a period between 2000 and 2010 (Luciana, 2009). Despite this high and sustained economic growth, Brazil still lags behind other BRIC (Brazil, Russia, India and China) nations. This is primarily due to institutional impediments and other fundamental features that hinder uniform growth throughout all sectors of the economy.
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