Streams

Business in Brazil

Tuesday, February 01, 2011

As part of a series on New Yorkers doing business with BRIC (Brazil, Russia, India, and China), Robert Wood, Latin America Senior Analyst for the Economist Intelligence Unit, gives a close-up of the Brazilian economy and what it's like for American businesses working in Brazil. Also, Robert Kartheiser, partner of the Project Finance group at Allen & Overy LLP, on operating from Sao Paulo.

Guests:

Robert Kartheiser and Robert Wood

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Comments [6]

Marco from Queens - NY

If you really want to have a the other picture of Brazil that it is not shown in Post Cards:

Watch:

Tropa de Elite (1 and 2)

Beyond Citizen Cane

Na boca do Lixo (Documentary)

Cidade de Deus
- Manda Bala as suggested by another person (below)

Brazil sells Carnaval, Soccer, Beaches and Pele, but usually forgets that the major issues are not democratically represented as well.

---------------- Labor Laws

Brazil has had very strong labor laws, although not perfect and balanced on both ends, in general it works very well to protect workers from being exploited.

----Rain Forest

North of Brazil for most part is nobody's land due to a combination of factors:

1- Huge territory, political and business interests, corruption

2- inertia from the population that keeps voting for the same Politicians that main agenda is to exert influence and manipulate laws legalizing lands that they and others invaded, among other major insults.

South of Brazil the environmental laws have been reasonably enforced, it is more likely that one can get in trouble "going South".

----------- Brazil Bubble?

There is a good potential that Brazil like the USA is forming its own bubble ..Apucaratia Style.

There are some signs that may indicate the same pattern as happened in other countries.

My perception:

This good feeling may be short lived due to these major factors:

Infrastructure is weak
Credit is not being used wisely
Corruption still is major element.
No major or serious long term investiment in education
Voters have have repeatedly failed to learn from previous recent history

Feb. 01 2011 12:19 PM
neil from 11231

biz in brazil, from the corp. aspect, seems to have been covered in show.

I am a new yorker, a freelancer for nearly 20 yrs among varied industries.

I spent a lot of time in many places within brasil and have learned a few things.

first, to speak portuguese with a brasilian dialect, i concluded, you MUST smile.
this smile pervades the culture, making the food taste better, the music sound so good, .....
we all know how infectious smiling is.

Brazilian people, unlike Americans, have only recently began to feel some security in the economy. In the past, the fear of your money being worth nothing the next day, created a lot of volatility, making people, in a sense, hustle much more.

this recent security, likely part of the beginnings of a middle class, touches on credit and housing expansion. only recently have you begun to see housing development(suburbs) sprout up as we have for decades.

there are only parts of brasil that may still qualify as 3rd World. As a whole, it is first world.

As it has traded in large scales with all industrialized nations, influences have always been welcomed from abroad. It has remained less isolated from Europe than we have been here.

In brasil, taxes on imported goods have helped all domestic products continue to be manufactured, grown, distributed, sold and remain competitive in marketplace.

a point, i can't say i have one to make. but this volatility, brasil's timing, resources, shunning of the bankers who caused much of the turmoil, has allowed brasil to keeps its wheels turning while the rest of us were forced to hit the brakes.
thus allowing some momentum to shift in its favor.

at the beginnings of our economic downturn, brazilians started returning en masse from Mass, Queens and Newark back to Brasil.
I wish I had been there three years earlier.
Timing.

Some comments on shows words:

def. society of consumers, but it still produces and exports. Yes, China has helped, players like IMF( in the past) hadn't helped.
Its a conception that shuns these "World" banks at this point that helped them to grow away from allowing to be dictated to; and have its resources stripped by private groups that do more harm than good. Lula was there to do so. Though can't give him credit in whole.

People there don't buy same propaganda as we do here. Dissent isn't stifled or mocked.

A common saying about brasil, which i am about to butcher, yet convey.....:

Its a country of the future. filled with resources, geographic spectacles, great weather, soil, beaches, diversity, ......but it will always be the country of the future.......because of the people. thankfully this is changing.

Let's add Olympics and World Cup coming soon.

I have worked in production here and there, traveled here and there.

if you can't tell, i like it there.

Feb. 01 2011 12:13 PM
Marco from queens NY

I am a Brazilian living in NYC.

Most of the comments on air are valid.

I just would like to add that Brazil has a very "thin" infra structure, which limits Government response in any kind of catastrophic situation.

It seems that one side of Brazil is growing better than the infra structure can absorb.

There are other issues, but I believe this is the major one.

My question:

Anyone wants to hire me to help to cover language barrier? : )

Feb. 01 2011 11:45 AM
Marco from queens NY

I am a Brazilian living in NYC.

Most of the comments on air are valid.

I just would like to add that Brazil has a very "thin" infra structure, which limits Government response in any kind of catastrophic situation.

It seems that one side of Brazil is growing better than the infra structure can absorb.

There are other issues, but I believe this is the major one.

My question:

Anyone wants to hire me to help to cover language barrier? : )

Feb. 01 2011 11:45 AM
Samantha

I'm going to plug a movie here called Manda Bala.

It's a documentary from a few years ago that shows - despite the talk of "emerging markets" and "economic growth" that none of this reflects on the poor and lower classes, and the only market available to them is kidnapping. A major problem in Brazil, particularly Sao Paolo.

Feb. 01 2011 11:44 AM
Karen from NYC

What ever happened to the protests against the decimation of the rain forests, and what has happened to the rain forests? We never hear about it in the mainstream media anymore. It used to be huge back in, I think, the 1980s. With "development" and "booming economies" comes a huge threat to natural resources. Have there been significant changes in Brazil's approach?

Feb. 01 2011 11:38 AM

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