| Description |
1 online resource (streaming video file) (27 min. 25 sec.) ; 165365683 bytes |
| Summary |
It's a big southern land, with beautiful beaches, sun worshipping citizens and a mother lode of natural riches fuelling a remarkable economic boom that's the envy of the rest of the world. Sound familiar? Of course it does. Only the numbers popping out of Brazil's phenomenal financial growth leave Australia in the shade. And while the US and Europe were smashed by the global financial crisis, Brazil stepped on the gas. Very soon it will be the 5th largest economy in the world. Milagroso!What's Portuguese for miraculous? Milagroso? Try Brazil!While the world has been transfixed by the astonishing economic growth in China and India, just out of the spotlight Brazil has been busily turning a once moribund economy into a juggernaut.That's right Brazil, where not so long ago you could watch the inflation rate tick higher by the hour, unemployment grew just as quickly and a clapped out nation was in the vice of a military dictatorship. Brazilians were nevertheless ebullient, optimistic and hopeful but few outside the country gave them or their country much of a chance at even modest recovery let alone give the world's big players a run for their money.But that's precisely what's happened. Very soon Brazil's economy will go top five thanks to a global hunger for its mineral resources, epic offshore oil discoveries and vast agricultural sector.And as the momentum builds, tens of millions of Brazilians are being winched out of poverty and into relative prosperity. Within a few years it's estimated the nation's middle class will number 150 million. The boom is reverberating from boardrooms to the favelas."It's the Brazilian moment! It's a rich fantastic country. We've always said we're going to be the country of the future but this future never came. I think we're there." Eduardo Paes - Mayor Rio De JaneiroThe exponential growth has also created a new breed of super-wealthy. You might call them, er, Brazillionaires. Big businessmen like Eike Batista, Brazil's richest man, worth 25 billion dollars."It's a great position to be in isn't it ? This decade for sure is Brazil's decade." Eike Batista - BusinessmanNorth America Correspondent Michael Brissenden goes, well, to Rio - the city centre stage of the financial spectacular. Very soon the famous party-town will host a raucous bender of international sport ... fixtures in the 2014 World Cup and in 2016, the Olympic Games.With so much going on it's going to take some smooth political samba'ing to ensure the sport, the boom-time and the irrepressible optimism doesn't become an explosive cocktail that overheats the economy and ravages the environment leaving Brazilians with a big mess and a throbbing hangover.Still then they know the consequences of a big party |
| Event |
Broadcast 2011-06-21 at 20:00:00 |
| Notes |
Classification: NC |
| Subject |
Agricultural development projects.
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Economic development.
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Mines and mineral resources.
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Olympic Games.
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World Cup (Soccer)
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Brazil.
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| Form |
Streaming video
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| Author |
Batista, Eike, contributor
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Brissenden, Michael, reporter
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Gabeira, Fernando, contributor
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Lins, Ivan, contributor
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Paes, Eduardo, contributor
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Velez, Leila, contributor
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