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Pressures On Brazil
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Pressures On Brazil

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The economic pressures faced by Brazil

The economic pressures faced by Brazil

Published in: Economy & Finance, Travel

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  • 1. Brazil’s economic pressures In the 1970's five main pressures created huge debts for Brazil .
  • 2. Oil prices rose Brazil’s import bill increased as it tried to fuel growing industry.
  • 3. Oil rich countries had money to lend Brazil borrowed from these rich countries. Brazil also borrowed from the World Bank.
  • 4. Debt servicing Export profits have had to be used to pay interest on international debts (from loans)
  • 5. Prices for Brazil's exports fell The main products were coffee, foodstuffs. This meant that Brazil got less income.
  • 6. The International Monetary Fund The IMF pressured Brazil to change their economy, giving the government targets to reduce spending and borrowing (called Structural Adjustment Policy)
  • 7. Consequences of these pressures: Debt repayment forced exploitation of Brazil’s natural resources: the rainforest, Fast flowing rivers, mineral wealth beneath the surface e.g gold, iron, bauxite, copper, manganese, land available for creating estate farming cash crops