Heavy taxes and a lot of bureaucracy. Those are the thoughts that came to my mind when I saw the latest FGV estimate; Brazil’s informal economy is R$578bn, or the equivalent to Argentina’s total GDP. The good news is that although sizeable, the statistic reveals a more formalized economy than in 2003, when 23% of GDP was estimated to be informal.
Category Archives: Brazil
Brazil in The Economist: BRICs v Facebook; Real 31% overvalued per Big Mac Index; Samba Hackers
The Economist writes about Facebook going over 500 million users, comparing the social network to states like Brazil, India, China and the United States. Viewed this way, Brazil is still bigger than Twitter, but smaller than Facebook or Myspace. But, why would one really view it this way? Still it may provide food for thoughtContinue reading “Brazil in The Economist: BRICs v Facebook; Real 31% overvalued per Big Mac Index; Samba Hackers”
How is Brazil, the brand, doing?
How is Brazil, the brand, doing? The economy is doing well, international magazines such as The Economist, The Wall Street Journal have dedicated a lot of space to Brazil. But is the brand Brazil a positive one? Does it attract business and tourists? Martin Sorrell, one of the most important man in world advertising, gave anContinue reading “How is Brazil, the brand, doing?”
Google declares Brazilians World’s Best Soccer Fans
Google declares Brazilians world’s best soccer fans based on hard data. On June 15, as Brazil played its first game against North Korea, the volume of queries from Brazil, shown using a red line, plummeted when the match began, spiked during halftime, fell again and then quickly rose after the match finished. To measure whichContinue reading “Google declares Brazilians World’s Best Soccer Fans”
Brazilian Diplomacy through Currency
Brazil uses an abundance of currency for diplomatic leverage. Read the full article, here. Brazil’s foreign-aid programme Speak softly and carry a blank cheque In search of soft power, Brazil is turning itself into one of the world’s biggest aid donors. But is it going too far, too fast? Jul 15th 2010 | BRASILIA ONEContinue reading “Brazilian Diplomacy through Currency”