problems faced by brazil in post independence period?
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Everything is really expensive now. One year ago, I would spend 200 reals (about $60) at the supermarket. Now I spend double," said Juliana Bueno, a Brazilian nutritionist who's seen her income drop as clients cut back on visits and on spending. "It's a really difficult situation, and I don't see when it will end."
In the past 12 months, the Brazilian Bovespa stock index has plunged 21 percent. The Brazilian real has lost half of its value against the dollar in the same time period.
Brazil's economic troubles only paint half the picture. A corruption scandal around the state-controlled oil company Petrobras, which has led to the arrests of high-profile business and political leaders, has shattered President Dilma Rousseff's credibility with the Brazilian public. Her approval ratings have dropped to a record low, hovering near 8 percent.
In the past 12 months, the Brazilian Bovespa stock index has plunged 21 percent. The Brazilian real has lost half of its value against the dollar in the same time period.
Brazil's economic troubles only paint half the picture. A corruption scandal around the state-controlled oil company Petrobras, which has led to the arrests of high-profile business and political leaders, has shattered President Dilma Rousseff's credibility with the Brazilian public. Her approval ratings have dropped to a record low, hovering near 8 percent.
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I needed of Brazil
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India and Brazil are two resourceful countries that were ruled by foreign governments for a long time.
Upon winning the independence, the countries suffered from problems.
They are,
- They did not know how to operate and govern themselves as most of the government officials were immigrants. The native people knew very less about it.
- The crime rate also increased due to the mismanagement of the power and resources
- Corruption came into play and the officials became money motivated.
- The countries also suffered from unemployment because the resources were not managed properly.
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