Brazzil

meanwhile 56% of the brazilian population lives with less than one dollar a day

I KNOW GREAT TIME TO BE A CAPITALIST IN BRAZIL

YUPYY!!!

With so much slave labour in brazil how can anyone not make big profits!

are americans so lovely?

brazil is like this because our politicians, since brazil turned to republic/presidencialism, they translated the american constitucion and implanted here! This crazy fact made our country get f**ked up! thats it! capitalism sucks!! grr!

I have wondered the same about the USA, for example. No wonder they have so many billionaires when the majority of the population is swimming in debts with banks in order to keep the appearance of first world countries. Trillions and trillions of dollars owned to financial institutions just to keep the façade. They are the slaves of the powerful master financial institutions.

And since the big companies are outsourcing employment there to India, much cheaper slaves, the workers there are facing a tremendous reduction of salaries at home.

Enjoy your high quality of life today and pay for it tomorrow.

Should we Brazilians follow their example and do the same stupid mistakes?

The first two forum commentators are right...why still so much poverty ????
Why social projects have been voted with g enerous amounts...and then withdrawn or more precisely....not spent ??????
As to the article...yes...numbers are correct but will they still be the next 6 months or later !
CSN...major steel producer..annouced 50 % less earnings than analysts expected. Earnings similar to last year...during a time of booming steel prices !!!!!
Embraer....earnings DOWN !!!!
Electrobras....earnings DOWN !!!!!
Auto industry...claims they are no longer profitable due to currency strength...but continue production...due to orders and contracts !!!!
Also a majort telephone company announced very bad earnings...well below expectations !
These are also major companies. This could be just the preview of what is coming....!!!!

Grain producers were complaining about losses 2 months ago !!! Not only because of drought...but also because of your currency strength..and prices.
That is why they demonstrated in Brasilia... ! But since then...your currency appreciated further....AND commodity prices declined in USD. Double whammy....against farmers . They said they lost money at that time....they should lose a lot more...by now !!! They could not repay the loans and asked for government help and repayment extensions. By now some should be already or closer to bankruptcy !!!!
Agriculture represents 40 % of all your exports and the equivalent of all your trade surplus ! So...what is next ????
Americans put penalties today on your orange juices. Brazil says they dont dump prices....but on the other hand say that already the producer cost is USD 5 to 6 per 40 kg box...but get only 4.20...before even the penalty. which means that either they were already loosing money until now...and will loose more...or they were .subsidized...or will go bankrupt or closer to...very shortly !!!!

Most grains prices have a seasonal tendency to go down until year end or early in the year....!!!

Commodity prices in general are well below the prices of just two months ago.

This does not bode well...for the next 6 months.

And what about if there is just a worldwide slowdown...just slowdown !!!!!

If your currency depreciate nicely and interests rates go down...you have a chance !!!!

Otherwise..........aïe....aïe......

This is the problem..to become a 1st world nation you need to add value to the products you sell. This is the problem with the Exchange rate scenario..the more you sell overseas the more your currency appreciates...the less profit you make back home. its a never ending cycle. Adding value starts at home in brasil and grows out from there. Adding value starts at the bottom not at the top. Educate and put to work the underclass and thenrest takes care of itself.

The real benefit decsribed in the article above was the drop in indebteness to external currencies. This money needs to be reinvested into your best asset....the people. to get a double benefit in the future

Please be informed that India and Indians welcome establishments of foreign companies :
- This creates investments (jobs)...the same as in your country. FRom what I know your country is very happy of foreign investments....just like any countr...developped or developping
- Wages are several times of what they would get in a local company.
- Indians have a dream.....working...for a well known foreign company as this changes their lives and consuming power !!!!

Furthermore you should be well aware that many brazilians go to the USA, Europe, and Japan...to have a better future...than they would have in their own country. Either they stay there as long as possible or amass sufficient money and then only return to Brazil. During their stay they send money home to help their family ! When back they buy a house and usually create their own enterprise. They could not have done the same...in Brazil....and explain why they went away.

So stop pissing against countries...that lend you money (robbed by your politicians and elite) buy your agriculture products, and willing to reduce their subsidies to favor YOU against their own farmers and give well paying jobs to the one coming to their countries.
I am not an american...but what you wrote is totally inacurate.
Please review your copy and your sources....but I doubt you have sources.

Your note is....0...and all expatriate Brazilians would give you a similar note !!!!

You forgot to mention that millions of Brazilians are also dreaming

The last forum commentator is so right....that also many Brazilians are dreaming of working with a foreign company in Brazil...due to better wages, but also millions of Brazilians are even dreaming harder...to go to the USA, Europe or Japan for the reasons you explained..get even much better wages than locally ...even better than Brazilians working for a foreign company in Brazil !!!!!

One American Engineer = Five Indian Engineers,

in terms of wages abd employment costs (health & dental insurance). Indians engineers are slave workers to american corporate.

Heck, USD$1 goes a long way when buying curry powder in India.

I agree that companies do come into the country and some create jobs but industralization and job creation will not be formed in this way. You cant depend on foreign corporations to develop your domestic economy but as wages begin to rise in India, I am sure TNCs will surely move out looking for similar productivity in less costly places (and lets be honest, they will likely their labor in Asia).
Now, the Indian economy is different in the sense that they are depending on telecommunications and high tech products which tend to favor capital intensive equipment (essentially they will develop few jobs but more desired products).
The problem with this model, (unlike the Chinese economy) is that it creates too few jobs especially in a country like India. The Chinese in the hands is quickly becoming the manufacturing mecca of the world and this will assure it the necessary jobs and income.
Let me add, that since the Chinese have been producing toys, texiles since the late 70s and throughout the 1980s their skills have improved they are now producing TVs, Computers, notebooks, WalMart...
Where does Brazil fit in this picture? Well, Brazil is full of potential. I think, that with its major export base of agriculture it should protect and invest in developing that modern manufacturing infrastructure and invest heavily in education and research and development. To find the money for these advancements the need to lower interest rates and stay fiscally responsible is necessary for economic stability but who knows where Brazil will head in the future.
The 2006 elections will define a lot in my opinion stayed tuned!

American companies are outsourcing (different from investing) to countries with much cheaper labor force and Americans are paying the price for the move with job losses and lower salaries. Read and learn, the Internet is a great source of information when used correctly.

The problem is that some foreigners, fortunately not everyone, come to this site to offend Brazilians and to express discrimination and hatred against us and expect us to accept meekly any of their insults.

Believe nobody is doing any favor for us investing in Brazil. There is no sympathy for our cause expressed with all the money pouring in our land from your financial institutions and corporations. Greed is the only motivator. The whole thing is impersonally calculated, they see gold here, they come to get their share, and that is all.

Americans have been listening to your story for more than 50 years. Debt today, starvation tomorrow. Keep on thinking that way. Commerce is what builds an economy. commerce comes from spending, in turn shopkeepers make money, shop employees make money, warehouses make money, and all the rest. Americans have high debt, they also have the largest home and property ownership ratio in the world. Keep on thinking that your problems are caused by the USA. Keep thinking the USA is a terrible place and ready to collapse. On second thought, please go over to the consulate and explain to all those people waiting for visas and tell them they better not go there either.

Your ignorance is bliss.

The 2006 elections will tell the tale!! What crap, you said the same thing in 2002 and every other election

I would love to extend my POS design / deployment business into a country like Brazil. Not just for "cheap" labor, but to create a company that would serve other nearby countries. I've got locals that I trust and the cheaper costs will help drive my decision to do so there. Start-up costs would be cheaper, etc... The corruption problems and general lack of business driven workers could pose a problem. I've seen and heard of too many stories that the people there rarely show up anywhere near the agreed time to conduct business / personal matters. Maybe it's just a difference in what drives us... in the US my company and people are driven to succeed. I'm not sure I could say that about the Brazilian folks. Again not a slam, but in my mind more of a reality check on doing business there.

I think there are huge opportunities there in the POS market as the country as a hole increases it's buying power. And most of the "profits" would stay in country in the form of expanding the business, investing in people, purchasing properties, etc...

Our gringo friend is slightly confused...mixing oranges with apples!

In fact, he is so confused that he doesn't know whether to scratch his watch or wind his ass.

hehehe...Yours truly,

keol

When in Rome do as the Romans do!.

I know for a fact an American automobile company closed its plant in Brasil because they had so many restrictions placed on them by the government, that in the end, it would have been cheaper and more profitasble to buy a car from Japan and sell it in Brasil, then to manufacture the car in Brasil. Although India is somewhat socialist, it is buisness friendly. Also, it is obvious some of the writers above have never been to North America. If you come to Chicago and you visit the South side, you would think the United States is horrible. But if you went to my village 30 minutes north of Chicago, you would be amazed at the quality of life. I worked hard to get there, in the United States if you work hard there are opportunities, many opportunities.

Do not do as americans do.

You will be either beheaded or a walking shooting target.

Please do not let too many American businesses into your country. You will be slaves in your own country. It is best to do business with China or India but never never America. Nobody wins playing ball with an American but an American. Also Americans are EXTREMELY racist and bigoted and unaccepting of anyone who is not a Yank.

As the previous poster states if you go to the South Side of Chicago you will think the US is horrible. That is only because the southside is black and there are no real opportunites for black Americans outside of sports or entertainment. Of course the same may be true for Afro-Brazilians but at least Brazil doesn't profess to be a country full of opportunities for all. That is plain rubbish. America is a violent country that drops bombs on anyone who will not agree with her f-cked up policies.

If you want foreign corporations. Stick with the Asian nations. Leave America alone!

The people of the katrina stricken area before the storm were either poor or worked good jobs related to the port areas or casinos. Not all were poor. Middle class workers WORKED HARD TO GET WHERE THEY WERE just like you claim. Economics is very important. However, America continues to repeat the SAME mistake of thinking YOUR JOB OR MONEY is ALL that is important. A catastrophic storm came and wiped out homes, businesses and MORE IMPORTANTLY LIVES. One victim WHO WORKED HARD after the devistation exclaimed "in the end FAMILY and FRIENDS are all you really have". That is unless you put job and money before family at which point when a disaster comes along you have NOTHING. The moral of the story is that Americans step on friends, stab relatives in the back ignore, dis and think everything is about material possessions. Yet want you to be their friend when they have nothing. If ECONOMIC schemes is ALL you care about YOU ARE PART OF THE PROBLEM. If ECONOMICS is a means to an end to take care of each other THAT'S WHAT IT'S ALL ABOUT. But you can't tell that to a typical American. It's all about the ECONOMIC scheme.