Brazil economic overview and solar power in Brazil Essay

brazil-nut tree economic overview and solar power in Brazil - Essay ExampleIn 2008, Brazil became a net external creditor and two ratings agencies awarded enthronisation grade status to its debt (Brazil Economy overview, 2012). Along with India, China, Russia and South Africa Brazil is one of the prominent members of BRICS countries. BRICS countries atomic number 18 the most(prenominal) rapidly developing regions in this world at present. While majority of the Latin the Statesn countries and America like wealthy countries struggling to develop properly, Brazil is developing rapidly. The injuries of 2007-2008 recessions have not affected Brazil very much. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the aside 25 years (Brazil Economy overview, 2012). Even though the economic growth in Brazil has been slowed lot a bit in 2011, the forecasts for 2012 and coming years be bright. Despite slower growth in 2011, Brazil o vertook the United Kingdom as the worlds seventh largest economy in terms of GDP. Urban unemployment is at the historic low of 4.7% (December 2011) (Brazil Economy overview, 2012). Social The richest 10% of populate in Brazil have nark to over 40% of the countrys income. On the other hand, the poorest 10% receive about 1% of the income (Brazilian Social Issues, 2011). The gap between the rich and poor in Brazilian society is extremely gigantic compared to that in many other countries. One of the most challenging problems facing by Brazil at present is the lessening of this gap. The living conditions of the rich people are advancing rapidly whereas poor people are still struggling to attain the benefit of economic growth in Brazil. Poverty, unemployment and other problems are still prominent in Brazil despite the wide economic growth. It is evident...This paper is the best caseful of PESTEL analysis of Brazil. There is also a strong analysis of current state of solar power ind ustry development in Brazil provided in the paper.Brazil is a federal presidential representative republican republic, in which the president holds supreme power of the country as well as the authorities just like America. Even though multiparty frame exists in Brazil, its democracy is different from other democratic systems Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazils economy outweighs that of all other South American countries, and Brazil is expanding its heading in world marketsThe gap between the rich and poor in Brazilian society is huge compared to that in many other countries. One of the most challenging problems faced by Brazil is the reduction of this gap.The technological developments in Brazil are not so much attractive. Indigenously developed technologies are less in Brazil compared to other emerging countries The rapid development of a country a great deal brings many environmental challenges Deforesta tion, acid rain, endangered species, air pollution, waste disposal, etc are some of the major environmental problems facing by Brazil.Brazil is a federative republic, constituting an indissoluble union of States, Municipalities, and the Federal District. The Brazilian legal system is codified.In 2012, the Brazilian National Agency of Electrical Energy approved the most important piece of music of new legislation for the solar industry in the country to date. Net metering for solar systems up to 1MW was introduced and utilities were disposed(p) an 80% reduction in distribution taxes for power generated by solar plants up to 30MW in coat