Brazil Essay Example | Topics and Well Written Essays - 2500 words

Brazil - Essay Example (CIA, 2007) Brazil has a multiethnic social structure with Roman Catholicism as the dominant religion and Portuguese as the main language. It is characterized by natural surroundings, wildlife diversity, protected habitats. It terms of demography, it is fifth most populous nation in the world and in terms of geographical area it is the fifth largest. Brazil is officially known as the Federative Republic of Brazil. (CIA, 2008) The natives of Brazil are perceived to have descended from the North Asian migrants of around 9000BC. In the beginning due to the already generated high profits from trade with India, Japan and China, Brazil did not evoke much interest in the Portugal colonists. The country was economically exploited mostly for its Brazilwood which provided the red dye. Previously they had established temporary trading establishments which ensured the trade of brazilwood but later permanent settlement ensured the setting up of sugarcane industry. The nation turned out to be agri culture based economy from where the Portuguese exported the agricultural commodities to European nations. With time the most crucial colonial product of Brazil was sugar and this remained equally important till the eighteenth century when there was a crisis as they faced competition from both Dutch and French sugar producers located close to Europe. This led to a fall in the price of sugar. Even gold production declined towards the close of the eighteenth century. The Portuguese administration still kept its integrity by sending bullions to the nation. The nation however has undergone wide scale changes overtime and currently are known as an emerging economy of the world. The changes have occurred in all dimensions including the social, economic and political scenario. Emerging Markets is a term which is used to refer to the social and economic operations of a nation which is in its way towards fast growth process and industrialization. China is currently considered to be the