Globalization in Brazil: How has globalization affected the economic, political and social conditions in Brazil?

Gina Marie Helland Hauge & Marie Therese Magnusson

Student thesis: Master thesis

Abstract

This thesis investigates the concept of globalization and its effects on the economic, political and social development in Brazil. For many years Brazil suffered from economic instability, high inflation and high levels of income inequalities and poverty. New reforms and opening up of domestic markets has had positive effects on Brazil in terms of stabilizing the economy. Globalization is a growing phenomenon and its effects on the world and people have been enormous. Trade liberalization has led to increased foreign direct investment inflows and it has also increased Brazil’s international trade. During the era of globalization and economic growth, Brazil has received more power within international organizations and has become an important addition to international politics. But, even if the trade liberalization had positive effects on Brazil during the 1990s, inequality and poverty levels did not decline. This was due to the lack of functioning social policies. Governmental changes in the 21st century led to social reforms and by introducing new policies poverty levels were reduced. Today Brazil is experiencing a growing middle class and a further reduction of inequality levels. For globalization to have a positive effect on Brazil it must be controlled and the working economic reforms must be introduced. This happened during the mid 1990s and since the beginning of the 21st century Brazil has experienced the benefits of globalization.

EducationsMSc in International Business, (Graduate Programme) Final Thesis
LanguageEnglish
Publication date2011
Number of pages101