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Brazilians always spoke fondly of their country as the Land of the Future. They felt God endowed them with endless resources that one day would make them a prosperous and powerful nation.
Brazil is a giant of South America. Its population of 190 million people is the fifth largest in the world. In area, Brazil is also the fifth largest in world.

So, for decades, God’s endowed country of the future never materialized.

During the 80’s and 90’s, Brazil had earning the dismal distinction of being the Third World's largest debtor nation. The country was unable to generate enough funds just to pay the interest charges on its camiseta de barcelona debt load, and was borrowing heavily just to stay afloat.

In 2002, amid a great financial turbulence caused by the Argentinean meltdown, Brazil went to the polls. The International Financial community was nervous about the possibility that a Lula victory would result in a default of the country’s foreign debt. And his opponents warned his lack of education and English language skills would be ruinous for Brazil's diplomatic stature.

By 2006, Brazil paid off its IMF loans. In 2007, it won coveted investment grade ratings. In 2008, it became a net foreign creditor for the first time and, in 2009, it pledged to lend the IMF $10 billion dollars.

It is a magical transformation that have occurred in Brazil over the last 6 years when the country was on the edge of debt default. Today, Brazil is the preferred destination for international investors. In 2008, productive foreign investment rose to a record of US$ 45.1 billion, second only to China among developing countries.


Brazil ? Emerging Economic Superpower

As the old joke goes, Brazil is the country of the future ― and always will be. Now, in the middle of the worst global downturn for decades, Brazil is now a country of the moment. Despite a little downturn in the last two quarters, the Brazilian economy is giving big signals of recovery, as can be seen from public investment, foreign capital inflows and even domestic demand.
Brazil is now the tenth largest economy in the world. Its economy rests
on strong fundamentals: inflation at 5% annually, sustainable and fiscal stability, with a jugadores del barça 2011 primary federal budget surplus of 4.1% of GDP in 2008.

According to Lula, Brazil will be one of the six biggest economies in the world within 10 years.

Brazil’s positive trade balance equipaciones del barça and the flow of productive investment have contributed to building foreign currency reserves, which reached US$ 206.8 billion at the end of 2008.

In 2007, Brazil launched the Growth Acceleration Program (PAC). There are 2,198 infrastructure projects planned in the areas of transportation, energy, sanitation, housing, health and water resources. This program will continue to bolster the Brazilian economy during the world economic crisis.

Sam Zell, chief executive of Chicago Tribune and chairman and president of Equity Group Investments LLC, said Brazil's large population of 180 million people, highly-trained work force, and array of crops and natural resources has made it largely self-sufficient.


The World's Fifth Largest Automobile Market

New car sales in Brazil have risen four out of the past five months, making the world's fifth largest automobile market, even as makers elsewhere face plunging demand.

Many Brazilians auto manufacturers’ officials said they expect to move forward with planned investments over the next four years, including new plants, new auto lines and renovations.