In recent years Brazil has become a major global power with the capability of competing in the international marketplace on a wide scale. Brazil is the eighth largest economy and the fifth largest land mass in the world. Globally, it has become one of the top producers of market necessities including energy, minerals, vegetables, and water. Being the largest economy in Latin America it has the potential to be a great influence over the economy of the continent. Recent economic growth in Brazil is due to the decline of influence in Latin America by the United States, one of Brazil’s major competitors. Other major global competitors include India, China, and Australia. Brazil is now looking to concentrate its force as a global giant with an aggressive foreign policy. If economic growth continues, Brazil will be able to affect major international issues. In order for Brazil to remain a major competitor they must continue to participate and be successful in global projects. Brazil will have a great challenge in their attempts to boost global influence while managing domestic issues. Their focused drive for international success will help effect the global economy in a positive way.
The Brazilian industry is planning investments for the domestic market. Their investments would be primarily aimed toward meeting the demand of the local market. A large number of the Brazilian companies believe that their installed capacity should be sufficient enough to meet current and future demand. While industries seem confident in their abilities they continue to show an interest in purchasing equipment to increase competitiveness. However, completing planned investments could prove to be very difficult because of financing troubles due to poor worldwide economic conditions. Because of these concerns many companies plan to make purchases using their own resources or attempt financing through government banks.