Rags To Riches - Brazil

Is Brazil's booming economy starting to overheat?

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While the world has been transfixed by the astonishing economic growth in China and India, just out of the spotlight Brazil has been busily turning a once moribund economy into a juggernaut.

Not so long ago you could watch the inflation rate tick higher by the hour in Brazil, unemployment grew just as quickly and the nation was in the grip of a military dictatorship. Despite all this, Brazilians have remained optimistic. With momentum building, tens of millions are being winched out of poverty and into relative prosperity, and within a few years it's estimated the nation's middle class will number 150 million."It's the Brazilian moment! We've always said we're going to be the country of the future...I think we're there", says Eduardo Paes, the Mayor of Rio. The economic rise has been fast and frenetic, but the economy is a bullet train and much of the country still runs on the old single gauge; many are worried that it is struggling to keep up with itself. "There are 16 million people still living under the poverty line with less than they need to have a daily meal", says Father Fernandes. Nevertheless, many Brazilians believe the World Cup and the Olympics will be coming-of-age celebrations."We always find something to celebrate. That's why this country is so special: it's full of passion". Can they avoid a throbbing hangover?

A Film By ABC Australia
Distributed By Journeyman Pictures
July 2011

Category:

News & Politics

Tags:

• Brazil
• Economy
• Boom
• Unemployment
• Inflation
• Prosperity
• Celebration
• Journeyman
• Pictures

[finecool1]

@guest062888

What's with your hate on Brazil? Brazil is a fantastic country. Not too many people know how technologically advanced it is. Brazil has an advanced manufacturing sector. It has the largest PC company in Latin America (Positivo), largest aircraft manufacturer in Latin America (Embraer), 6th largest automobile producer in the world (ahead of India & Russia), and finally, the largest steel making country in Latin America. LONG LIVE THE GREAT NATION OF BRAZIL!!

[mrpaiva04]

@marcioquiriano Brazil is getting better...Live with that!

[osmanaj2002]

I love Brazil, I had Brazilian mates at school

[metalkez]

So, enjoy CARIOCAS who needs Sao Paulo...

[metalkez]

Yeah so good there, but i am still wondering why some friends of mine are crazy to leave the country as i did... Oh yeah maybe because of the low salary and the high prices even more for the imported... Or is it because of the they are from Sao Paulo and there are still lots of violence there... Because now Rio more then ever is the " capital of the country", but its ok who cares about Sao Paulo? Instead of beach we have the Tiete, or the polution in the air, or very bad infrastructure...

[rickymad82]

@guest062888 Someone lost either a job or a wife/husband to a Brazilian...

[tusepagliacco]

Minha nossa k bella moça!

[khepraseti]

As Brazil has now overtook UK economy show us a booming economy of brazil ...gangs ,crimes we dont need them. You so boring man

[fellira2696]

someone knows a similar video like this?

[relyzane212]

@finecool1 i like that country 

[bbjuyb87]

ISIS NEOMI DANNY IS DEBRA JANINE WILLIAMS