Question

There is a mixed economy ib brazil and india

Answer 1

Brazil is an upper middle income country in South America with a population of 195 million people
Gross National Income (GNI) per capita in 2010 was $9,390 – this was well above the upper middle income average of $5,884 – can Brazil (one of the BRIC countries) escape the middle-income trap?
Brazil has one of the highest rates of urbanisation in the world with 87% of the total population living in urban areas compared to a 57% average for upper middle nations
Life expectancy at birth is 73 years, 91% of the population aged 15 and over is literate
Brazil hosted the 2014 soccer World Cup and the 2016 Olympic Games – both events have required a huge rise in investment spending to boost Brazilian infrastructure and tourist facilities
Brazil's main trading partners are China (15%), the USA (10% of exports) and Argentina (9%)
Brazilian transnational corporations are becoming increasingly prominent in the world economy. In 2011, Petrobas was ranked 5th in the world by market capitalisation
Agriculture contributed heavily to Brazilian growth – the value of output in Brazil's agricultural industry, nearly quadrupled between 1996 and 2006, and the country is now one of the world's largest net exporters of grain, soybeans, beef, oil and iron ore.