The Wild Economy of Brazil

This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Brazil is currently the 9th largest economy in the world, according to the International Monetary Fund.

This means that if the nation does make the jump from developing to developed, it could rival economic superpowers like Germany, Japan, or the United Kingdom.

And as crazy as it may sound, it may become an economy that rivals the USA or China.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Enjoyed the video? Comment below! 💬
⭑ Enjoyed? Hit the like button! 👍

Follow EE on social media:
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

#Brazil #Economics #Explained

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

EE Fan Exclusive Offer:

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

[EconomicsExplained]

Corruptions scandals go BRRRR AMIRITE?!... (sorry) ... Anyway...
Go support the channel on Patreon - See new videos early, participate in exclusive Q&As, and more!

[adrielvitor]

Roberto Campos a brazilian economist once said: Brazil does not miss a opportunity to miss a opportunity

[francoisancebou]

“THIS IS BRAZIL”... *zoom over Barcelona* 😂

[TheJoaovicente]

" The amazon covers the entire country" that's just plain wrong .

[eduardobrito]

As a brazillian i can confidently say that the whole country is a huge forest, we use monkeys to deliver mail, and my family lives in the second biggest treehouse in the whole São Paulo state.

[rc.]

“This is Brazil”. Proceeds to show us Barcelona

[marvit_bot]

12:03 as a brazilian i can confirm that the entire country is covered in forests and we all live in the trees

[petitio_principii]

I vote for having an episode about Argentina and opening with footage of Rome, Italy.

[fernandolopes]

Why could I trust in this video when the opening "This is Brazil" shows Barcelona?

[shadoninja]

EE is secretly a podcast, but their incredible use of stock footage makes me ok sitting here and watching the podcast in video form haha

[IllusiveDude]

I just noticed that 98% percent of the stock footages are just a visual representation of whats being said and nothing to do with Brazil itself lol.

[SandroRocchi]

Watching this video is making me seriously reconsider everything I "learned" about other countries' economies in EE

[LJgamemaniaco]

5:11 - Actually, most people in Brazil could not retire at 48 years old before the new changes that came with Bolsonaro. There was a minimum age of 55 for males and 50 for females plus 30 years of contribution for males and 25 for females, in general lines retiring at 48 was impossible. The thing with Bolsonaro is that he followed his economics minister (Paulo Guedes) advice and raised it to 65 for males and 60 for females, he made other changes too but most people were pissed because of that. Imagine being 54 Big Oof.

However, in the 90s, there was no minimum age and you only needed 30 years of contribution for males and 25 for females. Thus it was possible to retire at 48 if you started paying at age 18 and you were male or 43 if you are female. many people starter to pay even before 18 just to retire even sooner, but even in the 2000s there were rules that established minimum age to retire. It was no longer possible as a general rule to retire at 48, but could be done at 48 or even sooner by clearing some special conditions that I believe are in place to this day.

[shakya]

As someone else mentioned : Education would be an important criteria to add because it's linked with innovation and economic potential.

[eugendumi]

The video starts with a strong, firm ''This is Brazil!'', showing a footage from Barcelona...

[EsteffersonTorres]

"The Amazon covers the entire country"
This one piece of wrong information makes me question the validity of this entire video. That's why foreigners go to the south of Brazil and put their heads out of the apartment window looking for the Amazon...

[Inglescomgus]

"The entire country being covered by the Amazon Rainforest"
Dude, your geography is WAY off... There are 5 major biomes in Brazil, and the Amazon is in fact the largest one, but it only covers the northern and north-western part of the country. The problem with logistics and infrastructure in Brazil has always been political. Just for comparison, Japan has more railroads than Brazil and must be like 15x smaller...Politicians down here think themselves royalty and hardly ever do what they were elected to do... Plus all the corruption and impunity that goes along with it.

[pablomagno]

"The entire country being covered by the Amazon Rainforest"
Gotta study some more Geography bro

[samg]

We say that Brazil is the country of the future... and will always be.

[kevinalves]

12:03 The entire nation is NOT covered in the Amazon forest. The Amazon forest is in the north west region which is the least densely populated region. There are other ecoregions in more populated areas like Cerrado, Caatinga and of course the Atlantic Forest. The most productive area for agro business sits in the Cerrado region which is a savanna type ecoregion and is in a huge Plateau in central Brasil, perfect for railway. It is geographically challenging to pass through the coast and get to the ports but nothing that good planning couldn’t fix. Great video though! Thanks for posting about Brazil, hopefully we will overcome our challenges and become a thriving developed nation that the people deserve.