Brazil's Economic Challenges and Opportunities

Brazil was once seen as a rising economic superpower, driven by a commodity boom and social programs. However, its economy has since declined due to political instability, corruption, and reliance on commodities. The 2016 Olympics highlighted Brazil's economic issues, and the Operation Car Wash scandal exposed deep-rooted corruption. Brazil's future challenges include industrialization and overcoming crime and demographic issues.

What was a key factor in Brazil's economic boom in the early 2000s?

• Financial sector reforms

• Global commodity price surge

• Technological advancements

• Tourism industry growth

Which country was a major export partner for Brazil during its economic boom?

• United States

• Germany

• China

• India

What major event did Brazil host in 2016 that was seen as a chance to showcase its economic prowess?

• Olympic Games

• FIFA World Cup

• G20 Summit

• World Expo

What was a significant consequence of the 2016 Olympics for Brazil?

• Improved infrastructure

• Boost in tourism

• Increased foreign investment

• Economic and political turmoil

What was the primary focus of the Operation Car Wash investigation?

• Environmental violations

• Corruption in state enterprises

• Tax evasion by corporations

• Illegal immigration

What was one of the outcomes of the Operation Car Wash scandal?

• Increased foreign aid

• Economic growth

• Strengthened political institutions

• Impeachment of a president

How does Brazil's GDP per capita compare to Australia's?

• It is about the same as Australia's

• It is slightly lower than Australia's

• It is significantly lower than Australia's

• It is higher than Australia's

What is a major reason for Brazil's reliance on commodity exports?

• Robust service industry

• Lack of industrialization

• Strong manufacturing sector

• High technology exports

What demographic challenge is Brazil facing that could impact its economic future?

• Increased immigration

• Youth unemployment

• High birth rates

• Aging population

What could potentially change Brazil's economic trajectory in the future?

• Expansion of the tourism sector

• Discovery of new natural resources

• Emergence of a reformist leader

• Increase in population growth