The Wild Economy of Brazil
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Brazil is currently the 9th largest economy in the world, according to the International Monetary Fund.
This means that if the nation does make the jump from developing to developed, it could rival economic superpowers like Germany, Japan, or the United Kingdom.
And as crazy as it may sound, it may become an economy that rivals the USA or China.
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@EconomicsExplained 4 жыл бұрын
Corruptions scandals go BRRRR AMIRITE?!... (sorry) ... Anyway... Go support the channel on Patreon - See new videos early, participate in exclusive Q&As, and more! www.patreon.com/EconomicsExplained
@viniciusmaia9568 4 жыл бұрын
As a brazilian I must say that your arguments are pretty much right but you used worng informations. Much of the brazilian social programs were there before Lula got electe, they were implemented in the 1988 Constitution. We were very dependent on commodities prices but never on oil prices in an specific way. And the retirement age didn't went up form 48 to 65, it was 61 for the majority of workes, only people that worked on very dangerous job (like in nuclear power plants or underground mining) retire before the 50s.
@matheusGMN 4 жыл бұрын
@@viniciusmaia9568 As a Brazilian, I have to concur with this, although for some time you could retire with a 30 years of work contribution, (so effectively, you could retire at 48 if you began working every single day of your life since you turn 18), only a few people were actually able to do so, mostly politicians who have guaranteed employment for multiple years. Furthermore, the jungle is only present in the North, São Paulo, Rio de Janeiro and Brasilia are all well connected, but Manaus and Brasilia? not so much
@bernardfritts4173 4 жыл бұрын
When is the live stream?
@guilhermebarbosa1381 4 жыл бұрын
não entendi nada o que vocês falaram mas achei o video legal lol hahaha
@PP-dz6gv 4 жыл бұрын
Brazil's entire nation isn't covered by the Amazon forest...
@marvit_bot 4 жыл бұрын
12:03 as a brazilian i can confirm that the entire country is covered in forests and we all live in the trees
@isadorafelix2219 4 жыл бұрын
Same, I don't even know how I'm watching this video from my coconut (we don't have phones)
@0Ninja0Master0 4 жыл бұрын
We also have different names in here, like mine for example: Monkey Man.
@jhanninnen 4 жыл бұрын
We live like Tarzan, swinging on vines and talking with animals
@mullerstephan 4 жыл бұрын
can u throw me a banana feeling a bit hungry
@0Ninja0Master0 4 жыл бұрын
@@mullerstephan here u go buddy
@adrielvitor2200 4 жыл бұрын
Roberto Campos a brazilian economist once said: Brazil does not miss a opportunity to miss a opportunity
@MagicMike_101 3 жыл бұрын
The country sucks.
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@phoenix5054 3 жыл бұрын
The same can be said about the Philippines. We have so many anti-market policies, Vietnam, a country nominally considered Communist, has more Foreign Direct Investments than we do.
@samueltomassoni 2 жыл бұрын
Your governess only think about them
@vatsalsrivastav5195 2 жыл бұрын
@@phoenix5054 really thats surprising can you elaborate the economic condition a bit more ( curious to know)
@francoisancebou 4 жыл бұрын
“THIS IS BRAZIL”... *zoom over Barcelona* 😂
@minutoshistoricos777 3 жыл бұрын
LOL
@josuedasilvaverneque5966 3 жыл бұрын
Barcelona kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkllkkkkkkkkkkkkkklkkkkllolkkkkkkkkkkkkkkkkkkkkkkkkkkkkkllkkkkkkkkkkkkkkkkkkkkk
@danielhzim 3 жыл бұрын
LOOOOOOLLLLLLLLLLLLLL
@luizmoura455 3 жыл бұрын
Thanks. I was trying to find out where that was. I live in Rio and certainly it's not here.
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@TheJoaovicente 4 жыл бұрын
" The amazon covers the entire country" that's just plain wrong .
@thomasalberto613 4 жыл бұрын
A very big part, though
@unm0vedm0ver 4 жыл бұрын
@@thomasalberto613 not the biggest part
@nicolaszan1845 4 жыл бұрын
@@thomasalberto613 A _big_ part, sure, but certainly nowhere near enough to claim is occupies 90% or so of the land in the country. There are a lot of savannahs, grasslands, and other biomes in Brazil that have nothing to do with the rainforest
@Rudrugo 4 жыл бұрын
@@thomasalberto613 less than 50%
@DiselSun 4 жыл бұрын
And Brazil's largest population live in south/southeast and only know large cities, way fewer people know the rainforests even in Brazil
@rc.3804 4 жыл бұрын
“This is Brazil”. Proceeds to show us Barcelona
@ThiagoSilveira1 4 жыл бұрын
Brazilian here. I saw that opening and I got puzzled about what the video was about hahaha
@RodrigoFontes1985 4 жыл бұрын
Indeed. That is Barcelona. Those are the views from Tibidabo...other than that, great content. LOL
@cvhashim 4 жыл бұрын
I think that’s the joke. Or so he does it so people engage more in the comments, and thus the KZfaq algorithm can get this video more widely spread
@evan2electricboogaloo199 4 жыл бұрын
Occam's Razor the simplest answer is someone messed up
@LucasCunhaRocha 4 жыл бұрын
Called the ex-president "Lula da silva" when his name is Luis Inacio da Silva, "Lula" is a nickname.
@shadoninja 4 жыл бұрын
EE is secretly a podcast, but their incredible use of stock footage makes me ok sitting here and watching the podcast in video form haha
@AwesomeHairo 4 жыл бұрын
A podcast in video form...wait
@Tzar1 4 жыл бұрын
That does seem to be a trend right now
@felixmich1 4 жыл бұрын
There is definitely a rise in these types of channel. I suppose that it is difficult to build a following on a podcast but youtube videos allow the algorithm to do it's marketing.
@adityagaisamudre5186 4 жыл бұрын
I'm using this channel as a podcast. Every night I take a walk in my terrace (can't go out now 'coz of this lockdown) playing EE videos and putting my phone in my pocket
@muni5450 4 жыл бұрын
This has actually ruined EE for me
@eduardobrito6886 3 жыл бұрын
As a brazillian i can confidently say that the whole country is a huge forest, we use monkeys to deliver mail, and my family lives in the second biggest treehouse in the whole São Paulo state.
@pedromarino8757 2 жыл бұрын
KKKKKKKKKKKKKKKKKKKKKKKKKKK
@williansouza8724 2 жыл бұрын
@@corsaire-0 ué ele não é br?
@arthurpecanha1840 2 жыл бұрын
+1
@jpcfjose 2 жыл бұрын
Kkkk
@heinzguderian628 Жыл бұрын
Considerando que levou três meses pro correio entregar um pacote de Curitiba pra Foz eu diria que o correio é cheio de capivara
@petitio_principii 4 жыл бұрын
I vote for having an episode about Argentina and opening with footage of Rome, Italy.
@enniodimauro5572 3 жыл бұрын
I mean, Argentinians are basically Spanish speaking Italians, so I guess it would make a lot more sense dude
@vijaydanushkodi4980 3 жыл бұрын
@@enniodimauro5572 65% of Argentine population has Italian Ancestry. However São Paulo Brazil is the largest Italian City in the world.
@Spartacusse 3 жыл бұрын
It would be a short video though, "When they are recovering they elect Peronism again, break again, every 10 years or so."
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@pabloaikin4273 2 жыл бұрын
Who claim to be English
@shakya00 4 жыл бұрын
As someone else mentioned : Education would be an important criteria to add because it's linked with innovation and economic potential.
@furinick 4 жыл бұрын
And then the current president essentially cuts funding of the federal schools for a semester because "its not essential"
@caorusso4926 4 жыл бұрын
But how you going to better the education? Just thrown money into a school is a call for corruption, is not gonna work. How the nations can better the education without spending more?
@simbamartens7192 4 жыл бұрын
Well now healthcare. Brazil really is struggling with the coronavirus mainly due to Bolsonaro's incompetence. There's a great video about the pandemic in Brazil and Bolsonaros authoritarian tendencies: kzfaq.info/get/bejne/sJqcZpmTqrOpj2g.html
@dextrian 4 жыл бұрын
yes and no. Education itself is useless. You need, as the video says, "Innovation", with in order need (but is not limited to) education. mostly the difference is: Can you apply an educated workforce in the private sector without governmental support? Can you create aggregated value for your endeavor? In the end, Brazil has a well enough educated workforce, but juridical insecurity and complex fiscal system kind is a far worse issue to deal with.
@owenkeller2748 4 жыл бұрын
Sure...but saying “education” is like saying “efficient” it’s just too general of a word. Some people get educated in less economically worthwhile topics; some spend way too much on their education; etc. By using the word “innovation” this channel does a much better job being specific.
@IllusiveDude 4 жыл бұрын
I just noticed that 98% percent of the stock footages are just a visual representation of whats being said and nothing to do with Brazil itself lol.
@minicineastemovies 3 жыл бұрын
yeah its called stock footage, very common among educational youtubers
@gh0s1wav 3 жыл бұрын
@@minicineastemovies Not really. Most youtubers try to find/create footage that directly relates to what they are saying.
@minicineastemovies 3 жыл бұрын
@@gh0s1wav yeah as he said its a visual representation of whats being said
@eriksatlher1 3 жыл бұрын
also a lot of what he says about brazil is just wrong. the amazon forest doesnt cover most of brazil´there is even a big semi arid region, most of the population live far away from the amazon... what a research...
@csansolo 3 жыл бұрын
There are a few takes from Br, it encompasses 10% of the video.
@fernandolopes8592 4 жыл бұрын
Why could I trust in this video when the opening "This is Brazil" shows Barcelona?
@FalconBoxe 3 жыл бұрын
I was not crazy, I was like it looks like Barcelona. So yeah it's a bad
@QuackersMcCrackers 3 жыл бұрын
Wait but... when I type in Brazil I see the same angel statue thing, so that's not in Brazil?
@AnthonyTolhurst-dw1nc 3 жыл бұрын
Clip Art video?
@obviouslymatt6452 3 жыл бұрын
the one in the opening shot is on top of a building, the one in brazil is MUCH larger and on a hill
@obviouslymatt6452 3 жыл бұрын
James Chu. ^
@SandroRocchi 3 жыл бұрын
Watching this video is making me seriously reconsider everything I "learned" about other countries' economies in EE
@cheesemccheese5780 3 жыл бұрын
lol
@frank7411 3 жыл бұрын
Exactly
@vovozaum 2 жыл бұрын
Yep! Theres so much disinformation in this video that people will leave ir knowing less about Brasil than before watching it
@Kitsune-kun663 2 жыл бұрын
the dutch, the koreans and the argentines said the same lol
@BewareTheLilyOfTheValley 2 жыл бұрын
Mind giving some examples, please? As an American, I get snippets of what's happening in Brazil but admittedly haven't been paying close attention. What incorrect information did he give?
@pablomagno4679 4 жыл бұрын
"The entire country being covered by the Amazon Rainforest" Gotta study some more Geography bro
@LucasLima-qi7wu 4 жыл бұрын
Brazil have at least Five distinct types os biome: Amazon Rainforest: (the city i was born is in the middle of it “Manaus”) Cerrado: its a Savannah like biomes, ironically is where we have the Grazing farms and Soybeans so as many other kinds of Farms, it is located in the Country heartland Caatinga: its a Semi-desert type biome its concentrated in interior of a Northeastern Region, its also where the bad Indicators are usually found. Mata Atlântica: its Semi-deciduous Forest located in the Southeast and part of south Brazil, ironically is the mostly damaged and almost extinct, cuz of Rapid Development of the region. Pampas: is a Plain region at the mostly southern tip of the country almost near the border with Argentina and Uruguay, is a region similar to the Great Plains in US&Canada but with a milder climate, its where you can find some farms for temperate and subtropical climate and some Grazing too. Brazil indeed have a diverse geography and climate but that doesn’t necessarily help much without a Proper and develop infrastructure Brazil have a LONG WAY! To become a Great power in all the aspects.
@GustavoSantos-rv1om 4 жыл бұрын
@@LucasLima-qi7wu You forgot to mention the Pantanal, our swamp area, I know you considered it a part of Cerrado, but that is not so accurate
@marotofi9679 4 жыл бұрын
I was going to clarify some usual mistakes people make when discussing brazilian economics (terms of trade, social security specific issues, and low fiscal flexibility), but I gave up on this part.
@aperez10 4 жыл бұрын
I Wonder if he entire channel is covered by stupid statements like this...
@Guoldisney 4 жыл бұрын
And the isolation between metropolis. Pretty sure there is huge highways and railroads between Sao Paulo, Rio, Belo Horizonte, Curitiba, Bahia, Recife, etc.
@eugendumi1495 4 жыл бұрын
The video starts with a strong, firm ''This is Brazil!'', showing a footage from Barcelona...
@whatever9506 4 жыл бұрын
K
@adc7538 4 жыл бұрын
There was a small Christ statue on top of a church. I guess this led him into error hahahahaha
@livethefuture2492 4 жыл бұрын
It's kind of his thing...
@FernandoPereira-gz5fw 4 жыл бұрын
It is not Brazil, but Barcelona , Spain
@kevinalves299 4 жыл бұрын
12:03 The entire nation is NOT covered in the Amazon forest. The Amazon forest is in the north west region which is the least densely populated region. There are other ecoregions in more populated areas like Cerrado, Caatinga and of course the Atlantic Forest. The most productive area for agro business sits in the Cerrado region which is a savanna type ecoregion and is in a huge Plateau in central Brasil, perfect for railway. It is geographically challenging to pass through the coast and get to the ports but nothing that good planning couldn’t fix. Great video though! Thanks for posting about Brazil, hopefully we will overcome our challenges and become a thriving developed nation that the people deserve.
@lrn_news9171 3 жыл бұрын
The only places that's challenging to pass through the coast and get to the ports is south eastern brazil, the east and north east don't have mountain ranges along the coast. there are major large situated on virtually flat land like Recife for instance.
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@user-so8zo5tv5v 3 жыл бұрын
"OPERATION CAR WASH"
@arthas640 Жыл бұрын
False, Brazil is one solid rain forest and everyone knows it. I once visited Rio and they had to land the plane on the water because the runway was a jungle, I had to hack away brush to reach my hotel, the bellhop was a marmoset and halfway through our vacation one of our tour group was eaten alive in his sleep by ravenous sloths. I got the clap off a lady I met in a local bar who turned out to be a bunch of capuchins in a trench coat.
@phelipeoliveira391 Жыл бұрын
Yet it is . Stop lying.
@Inglescomgus 4 жыл бұрын
"The entire country being covered by the Amazon Rainforest" Dude, your geography is WAY off... There are 5 major biomes in Brazil, and the Amazon is in fact the largest one, but it only covers the northern and north-western part of the country. The problem with logistics and infrastructure in Brazil has always been political. Just for comparison, Japan has more railroads than Brazil and must be like 15x smaller...Politicians down here think themselves royalty and hardly ever do what they were elected to do... Plus all the corruption and impunity that goes along with it.
@antoniov4906 3 жыл бұрын
Não veja meu comentário como uma correção ofensiva, o Brasil é mais ou menos 23 vezes maior que o Japão, o que deixa a sua informação ainda mais revoltante (pela má gestão pública). I wrote that in portuguese because ur name seems brazilian to me, so if ur not... I'm sorry!
@5m501 3 жыл бұрын
Exato , Geografia no brasil não é um mega problema. Não é como se não tivesse saída pro mar , por exemplo e claro que não temos uma Geografia de grande potencias estilo eua e China. Mas sim, o maior problema de preços pra construção de infraestrutura é bem mais político
@josecarlosxyz 3 жыл бұрын
Yeah but they are still protected that’s the issue here. They are not rainforest but you can’t destroy them. The country geography in general is hard and sucks a lot
@minutoshistoricos777 3 жыл бұрын
That's gringo knowledge for ya
@minutoshistoricos777 3 жыл бұрын
@@josecarlosxyz it's our forest we do whatever we want with it
@RICKY12341100 4 жыл бұрын
0:01 This is Brazil! *shows Barcelona
@khankhomrad8855 4 жыл бұрын
It could have been worse. He could have shown Buenos Aires!
@Menaceblue3 4 жыл бұрын
Bart: "Well everyone, I just learnt Spanish" Marge: "But they speak Portuguese in Brazil..." Bart: 😐
@avppr3451 4 жыл бұрын
"The country is covered by amazon rainforest"...
@imsorry6342 4 жыл бұрын
Part of the reason why he’s hiring I guess
@danilopontes7415 4 жыл бұрын
"SP, RJ, and Brasilia separated by Mountains and Jungles" Its sounds as if there were a mix of the Himalayas and the Amazon between them... Kids, just learn Economics from economists, leave Geography for geographers
@sam08g16 4 жыл бұрын
We say that Brazil is the country of the future... and will always be.
@EconomicsExplained 4 жыл бұрын
Hahaha I like that one!
@omska9325 4 жыл бұрын
Oof
@heniopaiva6050 4 жыл бұрын
It's true, I always heard that.
@KneelBeforeBlue 4 жыл бұрын
r/whoosh
@Vid_Master 4 жыл бұрын
Sums up South/Central America its the kid that has so much potential but keeps making the dumbest choices! Frustrating, it is a beautiful area of the world
@EsteffersonTorres 4 жыл бұрын
"The Amazon covers the entire country" This one piece of wrong information makes me question the validity of this entire video. That's why foreigners go to the south of Brazil and put their heads out of the apartment window looking for the Amazon...
@grandejosnei21 4 жыл бұрын
Not our fault if people have no knowledge about geography, i mean, all the rainforests in the world are near de Ecuador, so as the amazon, then if you are traveling to Rio for example you should know it’s far south
@danielviegas7669 4 жыл бұрын
U rigth, he cut a piece of history called "Dilma's government" and others stuffs
@riograndedosulball248 4 жыл бұрын
@@danielviegas7669 how dare he to not show to the world the only fun part of our political history since Jânio Quadros?
@user-rv9um5xc3r 4 жыл бұрын
It this was the only false information he had given, it would be actually fine... That documentary was straight up bullshit!
@clusterferno7833 3 жыл бұрын
You're right, it's wrong. But this is an economic channel not a geographic channel, it doesn't really matter that it's wrong. It's also a very small piece of information. So why care so much?
@LJgamemaniaco 4 жыл бұрын
5:11 - Actually, most people in Brazil could not retire at 48 years old before the new changes that came with Bolsonaro. There was a minimum age of 55 for males and 50 for females plus 30 years of contribution for males and 25 for females, in general lines retiring at 48 was impossible. The thing with Bolsonaro is that he followed his economics minister (Paulo Guedes) advice and raised it to 65 for males and 60 for females, he made other changes too but most people were pissed because of that. Imagine being 54 Big Oof. However, in the 90s, there was no minimum age and you only needed 30 years of contribution for males and 25 for females. Thus it was possible to retire at 48 if you started paying at age 18 and you were male or 43 if you are female. many people starter to pay even before 18 just to retire even sooner, but even in the 2000s there were rules that established minimum age to retire. It was no longer possible as a general rule to retire at 48, but could be done at 48 or even sooner by clearing some special conditions that I believe are in place to this day.
@riograndedosulball248 4 жыл бұрын
You actually could start contributing at age 13, my father did so, and if had he being contributing continuously since then he would have already been retired. Anyways, he's 52 and is retiring this year
@hellenmoreira9991 3 жыл бұрын
@Someone Andnoone I think they consider that because of pregnancy women need to retire sooner. They assume that women will be tired before men. I think.
@MariSuteki 3 жыл бұрын
@Someone Andnoone It is because it has been proven by national research institues (such as IBGE) that women do way more housework than men in Brazil. So they are actually working two jobs instead of just one.
@miguelfelipe9113 3 жыл бұрын
Bro most countries retire at the 60's what u talking about
@Alehzinhah 2 жыл бұрын
@@hellenmoreira9991 actually they "presume" women will loose their jobs for some time due to pregnancy and the children's early ears. That's why. Considering that 48% of all women loose their jobs up to 12 months after giving birth, and have a hard time repositioning themselves afterwards, I consider 5 years difference too few. Should be more. And, women retiring earlier could also help more carrying on their grandchildren too, so that the mother's didn't need to loose their jobs to take care of their kids.
@DavidJones-zy8gt 4 жыл бұрын
00:00 "this is Brazil" For God sake this is Barcelona
@minutoshistoricos777 3 жыл бұрын
Lol
@igorsmihailovs52 3 жыл бұрын
Still got 4 letters out of 6 right.
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@leomuzzitube 4 жыл бұрын
The Amazon rainforest does not cover the whole country, not even half of it. This is an extremely wrong misconception. The forest barely touches the productive regions, so doens't really interfere with most of the economy. Although the forest area is bigger than the EU, "only" 60% of it is in Brazil, and the country itself is much larger. Most Brazilians will never come close to the forest.
@caua5582 4 жыл бұрын
se eu saí na rua e pergunta para alguém que já estava na floresta amazônica, a maioria falara que nunca foi
@henriquegberbari 4 жыл бұрын
eu quase parei de assistir o video quando ouvi isso... tipo, em uma pesquisa de 1 minuto vc descobre q isso n ta certo..:
@FabricioCamargo 4 жыл бұрын
Not to mention that Rio, São Paulo and Brasília are linked by good roads (could have been rail roads), but I digress. Geography isn't a big problem here, but the choices that we made were.
@floppyD 4 жыл бұрын
@@FabricioCamargo Exactly, just look at Australia.
@FabricioCamargo 4 жыл бұрын
@@floppyD exactly my point. We choose not do embrace a more liberal on economy approach on the early days or to make education mandatory and universal.
@claudiocarmelnovaes7519 4 жыл бұрын
You should remake this video, it's a serie of misleading and inaccurate information maybe not your fault but bad sources. Unfortunately made me question about the accurace of your other videos that I've watched until now. Hope you take the time to update this one or upload another video.
@Ryan-tc5tz 3 жыл бұрын
Cara, por que todo vídeo de gringo falando do Brasil, tem brasileiro nós comentários??
@alcancass8018 3 жыл бұрын
@@Ryan-tc5tz hMmMmMm pOrQuE sErá????? 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔
@5m501 3 жыл бұрын
@@Ryan-tc5tz a gente gosta de saber oq falam da gente ué kkkk
@thiagogregory1 3 жыл бұрын
He didn't, cuz he doesn't care
@claudiocarmelnovaes7519 3 жыл бұрын
@@Ryan-tc5tz impressionante né? Como é possível brasileiro comentando em vídeo sobre o Brasil?? A gente sempre espera um Norueguês ou algo do tipo que seria mais normal 😂
@volkercsp 4 жыл бұрын
This is so shallow, full of stereotypes and mistakes that I am considering now Economics Explained as an unreliable source of information to all it's contents.
@philipii5386 4 жыл бұрын
I am Brazilian and i say The Same , what looks like he took The informations on The begnning of The vídeo from a far left source, lula was not The fist democratc president.
@MAKChaosLander 4 жыл бұрын
A lot of errors, the economic growth from the Lula period it's far from the true growth (overestimated), the geography part pure rubbish, even saying that amazonia covers big part of Brasil what is untruth. And the rest just superficial information that could be true to all emergent countrys. He also said that Jair Bolsonaro has a radical economic view, what doesn't make any sense because he was a comporativist and statist his entire life and suddenly became more aligned to the liberal view, what is far from radical in the economic sense. The usual retirement in Brasil was not 48 years but 55.
@MAKChaosLander 4 жыл бұрын
@@philipii5386 The way he talked about the economic boom from this period in time made me think that he put all in the count of the Lula administration, reneging the work of the previous administrations that controlled inflation with the real plan and the maintenance of the macroeconomic tripod, and the global trend in the time favorable to the growth of the emerging countrys.
@matheusgomes4100 3 жыл бұрын
mas pq em ingles mano? so tem br aqui
@volkercsp 3 жыл бұрын
@@matheusgomes4100 pq os BR já sabem e os gringos é que têm de ser avisados.
@VicenteSchmitt 4 жыл бұрын
As a Brasilian who's been watching the channel since the early videos I feel that your work here was pretty poor. Sorry to say that, its a great channel overall that I'll keep watching, sure. I'd suggest a makeover for this video with corrections about the geography as already pointed and especially important considering the main industries. Brasil has lots of plain arable lands in its center region and it is source to a lot of animal protein on the international market, also grains. On a "techier" side, WEG, a company rooted in the south of Brasil is one of the largest in their field of industrial transformers and electric motors, for example. Or Embraer, a major player in the executive jet sector. But the biggest omission has to be the massive economic turnaround in the 90's after the implementation of "Plano Real" which not only controlled the insane inflation the country suffered during the 80's (would be interesting to add all the different currencies we had) and was the bedrock that allowed for the 2000's growth. On an "extra" note, maybe for the country rating system, it would be interesting to make a one video revisiting previously analysed countries and rating them all, so the list would make a bit more sense.
@jgr7487 4 жыл бұрын
cara, eu percebi q o nivel do canal era RUIM com o vídeo sobre o Brexit. tina tanta mentira recontada (começando com a citação do Churchill) q acabei fazendo um comment d 9 pontos desmontando todo o argumento dele. daí veio esse do Br...
@VicenteSchmitt 4 жыл бұрын
JoaoG R no geral acho o canal legal, mas se realmente os deslizes desse vídeo são recorrentes noutros países que eu não conheço tanto, realmente é de repensar o que eu absorvi dos outros episódios
@jacksonanderson5288 4 жыл бұрын
Vicente Schmitt Bro, it is not a great channel overall. He says a lot of wrong things in most of his videos. The reason you think this one is an exception is because you might not be aware of the mistakes in his other videos. Not wrong opinions, factual errors.
@PervertHeart 4 жыл бұрын
The way he mentions President Lula as the big leap towards democracy and stability after the Military Dictatorship made me raise an eyebrow. Not only so much stuff happened between these two events (the end of the dictatorship and the election of Lula), but Lula's government was so corrupt you could argue the country would be better without it, despite the growth. The decision of current president Bolsonaro to raise the minimum age for retirement is also completely wrong. It wasn't his decision, it was a reform that multiple previous governments already tried to push, brought up by the country's collapsing federal retirement system that is way too much complicated of a topic to resume it as "Some weird thing the current president did". E isso são so alguns exemplos. Deu a impressão que a pesquisa dele se resumiu em artigos aleatórios do The Guardian sobre o Brasil.
@MultiVigarista 4 жыл бұрын
This channel is awful!! He has a very superficial knowledge of economics, I noticed that some months ago. Não recomendo ninguém a levar muito a serio nada que esse cara fala!
@maddisonmad2710 4 жыл бұрын
Great video overall! Except for 12:03 "the entire nation is covered in the Amazon rain-forest". That is inaccurate, only the north and center-west regions are covered in the Amazon rain-forest and while it corresponds to a large portion of land, it is way less in terms of population and economic activity.
@wesleybforti 4 жыл бұрын
Not entirely correct, but the country was indeed totally covered by rainforest (not only the Amazon) in it's beginning, which slowed down progress and development of infrastructure and we see the effects of that still to this day, so fair to say geography did not help much..
@flavioaugustojose 4 жыл бұрын
Most part of the country was covered by rainforest, but we have also a huge area of swamp (Pantanal,) grasslands (cerrado,) and desert (semi-arido nordestino)
@furinick 4 жыл бұрын
@Azahel 452 at least the like, 5% of what's left of it
@emperorarima3225 4 жыл бұрын
You're right to point out the nuance with regards to how much the rainforest actually covers, but with regards to your point about economically and population wise. The large dense and environmentally important forested areas limit where populations and industries can thrive. You pointing out that those things mainly exist outside the forest is proof of EE's point. Doesn't mean individual Brazilians have to trek through forests on a frequent basis, but as a NATION, it has a lot less space and ways of establishing large scale infrastructure than it would appear from just looking at how big it is
@lucasnobrega1515 4 жыл бұрын
@@furinick It's 7% man, get your statics right. That 2% is extremely meaningful
@mininudoalem7950 4 жыл бұрын
As my history teacher says, if you want to talk about the economy of Brazil in a period of time, say that Brazil was in crisys, Brazil is always in a crisys
@furinick 4 жыл бұрын
You are completely correct
@canaldoschreen977 4 жыл бұрын
If you're talking only about the Republic of Brazil you're correct. But Brazil has been pretty wealthy in our Monarchy period with Dom Pedro II. We even got to have the second biggest marine in the world (losing only to the British), one of the biggest armys and economy in the world also. Brazil exists for 5 centuries, you know? You can't just simplify it like that..
@mikerodrigues9822 4 жыл бұрын
@@canaldoschreen977 Don't repeat monarchists bullshit. The only good thing on Dom Pedro's reign was himself, and even then he was too passive. Brazil's GDP was 20% of US and the second largest merchant marine was Dutch and later French and American.
@heinzguderian628 4 жыл бұрын
Well yes, but actually no
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@carloshenrique85 2 жыл бұрын
One of the very few great advantages of Brazil is its geography. Massive extensions of arable land, a country not much covered by mountains, extensive coastline etc. The Amazon is a relatively remote area of the country that does not interfere with the country's development. Rio de Janeiro, shown in the video, is an unique city with its granite peaks, but that's the only major city in Brazil that looks like that. São Paulo, the largest city in the Southern hemisphere, is fairly flat. So are most Brazilian capitals.
@thaedleinad Жыл бұрын
I disagree. São Paulo is indeed flat, but it has a gigantic mountian range separating São Paulo and it's nearest port in Santos. Another huge mountain range separates São Paulo and Rio as well. ANOTHER mountain range separates Rio de Janeiro and Minas Gerais... That's what he means in the video. It makes freight costs get more expensive, same for Infrastructure construction too, like railways. The center-western region is flat, though... But it's awfully far away from any port, be it to the Atlantic or the Pacific.
@nsoper19 4 жыл бұрын
Having done some business in Brazil and winning public contracts there, I can tell you that their system is really bad. The speed of public institutions is snail-like and money just disappears never to be seen again.
@bruno5091 4 жыл бұрын
true, i live in Brazil and it takes a lot of time to do/make business here. And there is a lot of taxes, so its kind hard to start an business here
@Fusso 4 жыл бұрын
The Brazilian bureaucracy is something that needs to be addressed at some point if we have any intention of growth. It's mostly a facade for embezzlement, otherwise you will have to wait years to get a permit.
@matheusalmeida9527 4 жыл бұрын
Do you got a public contract in Brazil? WOW! Do you paid the guy accountable for choosing the companies, rigth? Because that's the only way to make business with the government here...
@KrishnaDasLessons 4 жыл бұрын
The main problem here is that Brazil is a really hard place to do any sort of business. Its ease of business score is worse than many developing countries, like India, which makes it a lot worse to conduct any sort of business. Also, it isn't really an attractive country to invest into. With a lot of environmental problems and government distrust with its problematic scandals, it doesn't make the country worth it.
@cvhashim 4 жыл бұрын
Why? Regulations? Too expensive ?
@arthurbarbosa5825 4 жыл бұрын
5:09 contains some incorrect information, he raised the retirement age from 60 to 65 not 48 to 65
@redex68 4 жыл бұрын
Ok yeah that sounds more natural, 48 to 65 is both a huge jump and a surprisingly low retirement age to begin with.
@diogobarbosa6853 4 жыл бұрын
Not really man. That is the retirement by age. But there was a system of retirement by "time of contribution" that allowed workers to retire way early. My father, for example, started formal work at the age of 14 and he could already retire when he was 50.
@thepepchannel7940 4 жыл бұрын
48 made me almost fall off my seat. That would be an incredibly unsustainable system in like one or two generations
@flavioaugustojose 4 жыл бұрын
The video is full of mistakes, leading to wrong conclusions. The problem is they are honest mistakes, it's difficult to find good information in sources in English, they're usually biased because of politics, either for left or right. Ignoring the wrecking factor that was Dilma or that it was FHC who stabilized the economy was a great error, though
@loldelol34w56436 4 жыл бұрын
@Blanc Neige Yeah, most brazilians retire by age, not by work time (the case of diogo's father), so pretty much everyone retired at 60 (also bear in mind that "to retire" in Brazil means only that you receive pension, but most people will continue working 'cause the money isn't enough to survive).
@neygmg00 4 жыл бұрын
Thanks man! Its really cool to see our country being portrayed with just a bunch of incomplete or straight up wrong information to the world wide web. And in between Patreon plugs like that? Yes! I'm super willing to support a dude spreading around a freestyle edited wikipedia article with my money! Now, that's definitively a _Economist_ move, if I've ever seen one. Keep it up! Biting on more that you can chew worked out just fine for this one ^^
@conteudooriginal4600 3 жыл бұрын
"It's a bad time to be in a crisis..." "That's my secret ONU, I'm always in a crisis..."
@Foolsworn 4 жыл бұрын
"internationally protected rainforrest" good yoke
@woft1685 4 жыл бұрын
And that is why a lot of brazilians now hate the french. (Macron threatened embargos because of the forest fires last year)
@khhnator 4 жыл бұрын
previously internationally protected rainforrest. then the current goverment tried to divert the fund to big farmers, and obviously Germany and Netherlands didn't like the idea
@trolololololll 4 жыл бұрын
Every lefty in the world believe this BS Just let em
@sganzerlag 4 жыл бұрын
Joakim, what's stopping your country from demolishing large swaths of your cities and planting a bunch of native vegetation in its place? If you feel the need for more vegetation, why don't you do something in your own land? Instead of criticizing people of another country for their desire to industrialize and to modernize?
@Loj84 4 жыл бұрын
@@sganzerlag The Amazon is not even productive land. It makes no sense to cut it down and replace it with factories, as there is much more convenient land to do that on already. So your comment about "industrializing" by clearcutting the Amazon makes no sense. Most often, when people have cut down part of the Amazon, they have tried to farm on it. But the soils in the Amazon are some of the worst in the entire world. Cutting down the rainforest to farm is a terrible idea. The farms will not last long on that soil. There are other ways to make money off the Amazon that do not harm it much. I'm not sure if it's common in Brazil, but other countries that control part of the Amazon have growing ecotourism industries. This is a sustainable industry that will actually help your people make money in the long run, rather than destroying one of the natural wonders of the world for a few years of income. There is no justification for clearcutting the Amazon other than ignorance. It will never come back, and, moral arguments aside, the land will be less useful if the rainforest is cut down.
@erickfonseca2938 4 жыл бұрын
The first image of Brazil, is actually the view from Tibidabo in Barcelona, Spain. Not that I care that much, but just saying.
@oliversissonphone6143 4 жыл бұрын
There’s so many errors in this video
@mr.anderson9938 4 жыл бұрын
Oliver Sissonphone make a better one then
@jacksonanderson5288 4 жыл бұрын
Oliver Sissonphone And other videos too. I’m glad I’m not the only one noticing.
@HaradrimDC 4 жыл бұрын
Brazilian here o/ Just a little, small correction: the military regime in Brazil lasted until 1985, not 2002, when Lula was elected. To make a long story short, during the military regime, we had direct elections for Congress, the Senate and Small towns, while the major elections - for large cities, Governors - were appointed by the President. The President was elected indirectly by Congress. It was on the election of 1985 that congress, then having formed a majority against the regime on the previous year, elected Tancredo Neves president, ending the military period. Also about Brazil's economic growth, it was not during the 2002-2007 boom that it grew the most, but during the so called "Economic Miracle" of the 1970s, where we came from around the 50th world economy to around the 13th world economy. Both growth periods were heavily sustained by debt though, and the former didn't even have a boom in education like the boom of the 1970s, where our population turned from rural to urban.
@senasouil7767 3 жыл бұрын
Não não está tudo errado
@hellenmoreira9991 3 жыл бұрын
mas que interpretação horrivel, ele nao disse q lula foi o primeiro presidente eleito depois do fim da ditadura, e sim q ele foi um dos presidentes eleitos apos o fim da ditadura. e que apos uma serie de eleições o lula foi eleito. sim, o video tem alguns erros, mas esse nao é um deles.
@MrJayTeeee 3 жыл бұрын
That's not what he said. Watch it again
@MagicMike_101 3 жыл бұрын
you dont need to say youre Brazilian
@Fenrictor 3 жыл бұрын
Brazil did not have a boom in education in the 1970s half of the population that was in the age for primary school weren't on any school at all, it was the Latin American country that gained the least education in the military dictatorship period
@MILESTONEENGLISHCOURSE 4 жыл бұрын
As a Brazilian innovation and education enthusiast I can say it "sounds" accurate, the videos (maybe free stock) were a little misleading. I'd add the educational polarization. More than wanting innovation around here, I want better schools, mostly of the schooling follows the French model, reactive models, teacher explains and students dare to ask if it will be on the tests, we are taught to follow orders, learn, be graded and work without thinking much. I lived in Finland 15 years ago and there I learned that the responsibility of the students in learning is bigger than than the teacher teaching. I mean the students need be more responsible instead of flocking in left or right we as nation should focus on moving forward. And to my fellow Brazilians a simple comment: se a gente continuar polarizado pra tudo cheio de mimimi como se fosse torcedor de time de futebol a gente só vai se frustar. Não existe política ou político salvador da pátria. Se você tá insatisfeito/a com alguma coisa ataque a política onde dói neles, votando consciente e não mandando textão e bloqueando quem discorda e amando quem concorda. Saia da bolha!
@BestVideos-qt3pn 4 жыл бұрын
Let's start innovation in Brazil. Tem zap?
@by.santoscintia 3 жыл бұрын
Muito booom!!!
@marcelomoraes1341 3 жыл бұрын
Mestre
@persona83 3 жыл бұрын
Perfeito seu comentário. Infelizmente brasileiro leva esse tipo de dedada pro lado pessoal.
@MagicMike_101 Жыл бұрын
As a Brazilian, I like to start all my phrases As a Brazilian.
@malnaai6467 4 жыл бұрын
you should do a video about the "ranking system"- explain it, then do a quick look at previous countries covered and get thier score on the board that way we have more than just 2
@johnkeefer8760 4 жыл бұрын
Once they are all one, it should be put onto his website as there will be more than 10.
@krazYFaic 4 жыл бұрын
Great idea! And maybe EE start with the obvious countries like the US, China, Germany, Japan, South Korea, South Africa, Venezuela, North Korea. So its still manageable for one video and pads the list with countries on both ends of the ranking system.
@simbamartens7192 4 жыл бұрын
I wanna see a video on the situation in Brazil with Bolsonaro who claims that "it's just a flu" and has suggested that the military should step in to force reopening. This of course from a guy with great love for Brazil's past military dictatorship. There's a great video about the pandemic in Brazil and Bolsonaros authoritarian tendencies: kzfaq.info/get/bejne/sJqcZpmTqrOpj2g.html
@EconomicsExplained 4 жыл бұрын
I will be doing that soon :)
@hitchikerspie 4 жыл бұрын
Argentina next, could have a fun time bringing up their 5 leaders in a week
@EconomicsExplained 4 жыл бұрын
Definitely on the plan soon!
@julianaguirre6200 4 жыл бұрын
@@EconomicsExplained High Inflation, Defaults, Free Healthcare and Free Education. Amazing.
@mcRydes 4 жыл бұрын
there's three kinds of economy: developing, developed, and Argentina
@juanmanuel7305 4 жыл бұрын
El problema con argentina es simple y llanamente el peronismo, no por que perón o nestor o quien sea hayan sido malos presidentes, si no porque es un populismo sin estructura que fluctua politicamente sin rumbo, entonces no hay un punto fijo al que mirar
@glockmat 4 жыл бұрын
you mean Peron, Peron, Peron-ish, Peron 4 real though and Peron de nuevo?
@pittsboy2008 3 жыл бұрын
There are so many incorrect facts and figures in this video that makes me wonder about the accuracy of all other videos here...
@LuisSantini 3 жыл бұрын
Totally agree. Very disappointed
@fihsell 3 жыл бұрын
👆
@giorgosandrigiannakis1375 3 жыл бұрын
like what facts and figures are missing?
@andresantvi 3 жыл бұрын
@@giorgosandrigiannakis1375 Geography facts mainly. Some overestimation of economic data (Ex: The economic growth from 2003 to 2009 was of 430% and he said 500%)
@leonardonakatanimoretti6516 4 жыл бұрын
Brazil isn't 'completly covered' in amazonic rainforest, neither has the forest been 'internationally protected', go checkout Brazil recent deforestation crysis and see what I mean.
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@kbtzpictures 2 жыл бұрын
@@negraoabencoado3919 mano, o nome do cara é Leonardo
@mr.normalguy69 4 жыл бұрын
Brazil, aka the action movie for economists.
@gabrielpalacio6710 4 жыл бұрын
I thought that was Argentina tho.
@EconomicsExplained 4 жыл бұрын
We are an exciting bunch
@vincoletto2 4 жыл бұрын
@@gabrielpalacio6710 most of us Brazilians don't know that Argentina's politics are Brazilian politics on steroids. we should stop complaining about ours. you guys get the trophy.
@filipeamaral216 4 жыл бұрын
Argentina, aka No Falklands.
@Lucasmleite2003 4 жыл бұрын
The minimum wages were artificially increased via public policies, above inflation. Inflation plus economic growth. Yet it may have lifted people out of poverty and provided them with purchasing power, it was accompanied by a very high payroll tax, thus an added inflationary pressure. Brazil also enjoyed much of its growth in the 2000’s commodity boom, which meant we had the chance to perform several reforms, infrastructure, social security... and we busted it. And widespread corruption, overvalued contracts for projects, of which many are still incomplete, halted.
@a.v4612 4 жыл бұрын
Welcome to socialism !
@iwanbassett2830 4 жыл бұрын
Understandably, I agree with your argument, but at the end of the day like most countries, the main issue is political. Then again, it’s about the structure of the country and it having the institutions to withstand political instability, which Brazil doesn’t have at the moment.
@lucasnobrega1515 4 жыл бұрын
Irmão, tu merece um beijo pela sensatez. For English speakers, I said he's right.
@simbamartens7192 4 жыл бұрын
@@a.v4612 It has nothing to do with socialism. All parties were involved in corruption. Also, the PT's policies, if anything, are social democratic, not socialism and programmes like Bolsa Familia are widely evaluated to be successful by multiple econometric studies
@oanonimogreg6487 4 жыл бұрын
@@a.v4612 you clearly didn't read any book by Karl Marx and you probably doesn't even know what the word 'socialism' actually means
@brunorichardson97 4 жыл бұрын
You know you are off to a good start when the video starts with the phrase "this is Brazil" showing a picture of Spain.
@AS-jm1lw 4 жыл бұрын
"There is the small matter of the ENTIRE nation being covered in the Amazon rainforest". What????
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@edsonfuruiti3627 4 жыл бұрын
2:55 "GDP growth under president Lula was of 500%" - Actually, GDP in local currency grew from BRL 347 billion to BRL 815 billion, a much less impressive 135% growth. The remainder of the effect was mainly fx rate evolution in the period.
@eliaskalinovski 4 жыл бұрын
I wonder where he took this 500% from
@jevinliu4658 4 жыл бұрын
@@eliaskalinovski It is easy enough to compare the nominal GDP in dollars. In 2003, that would be 558.3 billion, and in 2011 that would be 2.616 trillion.
@FelipeSakuma 4 жыл бұрын
This channel has a lot of significant errors... I hope people don't take the infos for absolute truth
@julianocamargo6674 2 жыл бұрын
500%... This is totally false... Not even in their own insane party propaganda.
@b1k027 4 жыл бұрын
Do Perú whenever you have a chance! As a Peruvian national I believe it's actually quite an interesting story having gone through periods of massive inflation (Argentina levels), huge corruption scandals (same as Brazil) yet having sustained economic growth since the 2000s. Also the way the current corona virus crisis has been handled has some interesting outtakes.
@10DGjoHnSon 4 жыл бұрын
That's quite interesting. Honestly, the only thing I know about Peru is the Macchu Picchu. LOL
@sam08g16 4 жыл бұрын
Also... alpacas!
@donbenjamin6459 4 жыл бұрын
Puede explicarme por favor la historia economica reciente de vuestro pais :) ?
@malikfaisal416 4 жыл бұрын
Also Lima, because 'Lima' means 'five' in here
@Viper-sn5cx 4 жыл бұрын
Vive Peru!!
@celsoable1 4 жыл бұрын
This video has a great edition, but it also lifts so many issues (wrong statements for the most) that I, as a Brazilian, have lost interest in seeing other channel’s productions
@MagicMike_101 3 жыл бұрын
You don't need to say youre Brazilian.
@persona83 3 жыл бұрын
@@MagicMike_101 Nah, brazilians love to say they're "brazilian". They think the world loves them just because that.
@vatsalsrivastav5195 2 жыл бұрын
Could you tell me the parts that were wrong and the actual condition of brazilian economy ( I know they do a lot of mistakes and take a lot of stereotypes )
@TiredEnigma 2 жыл бұрын
@@vatsalsrivastav5195 500% growth in eight years
@Wyrmnax 2 жыл бұрын
"The new government has made its priority economic growth" Wanna revisit this now that its one year and one coup attempt later?
@xcvbnm123 4 жыл бұрын
The last time I was this early Brazilians didn't know what a 'Portuguese' was
@EconomicsExplained 4 жыл бұрын
ohboi.jpg
@Sorria31 4 жыл бұрын
Good times, miss those tbf
@barateza16 4 жыл бұрын
At that time as well, Americans didn't know we speak Portuguese, not Spanish
@jevinliu4658 4 жыл бұрын
Do you mean European Brazillians?
@TheMNTK 4 жыл бұрын
500% growth in 8 years? don´t be crazy, you got wrong numbers
@jacobarmour6325 4 жыл бұрын
Yh it was more like 135-200% in real terms but still very impressive
@rowws 4 жыл бұрын
Defenitely wrong, a quick search on the internet: the 8 years Lula government had a 32,62% growth on GDP (yearly avarage of 4%) and 23,05% growth of the income per capita (yearly avarage of 2,8%).
@matheusbp21 4 жыл бұрын
@@rowws O PIB do brasil em 2002 era de 508 bilhões e em 2010 de 2209, dando assim um crescimento de 434%
@GilenoRanna 4 жыл бұрын
He is completely fooled by exchange rate. It's clear that he doesn't have any clue of what is talking about
@TheMNTK 4 жыл бұрын
@@matheusbp21 Ipeadata.gov.br: PIB PPC anual, dólar de 2011: 2002 foi de US$ 2,0826 E 12, 2009 foi de US$ 2,6609 E 12, 27,7% de crescimento, mesmo se não descontarmos a inflação e usarmos o valor nominal fica 49,7%. se pegarmos o PIB em reais nominais(sem ajuste por inflação), fica 2002 com R$ 1,488 Tri e 2009 com R$ 3,333 Tri, crescimento de 124% (vamos convir que a inflação era forte e que não foi tudo isso) e esse é o melhor cenário se for olhar crescimento do PIB. Qual sua fonte?
@marianarodrigues8826 3 жыл бұрын
“Entire nation covered in the amazon rainforest” That’s wrong in soooo many ways. The amazon in big, shure, but it’s not even 50% of our land.
@MagicMike_101 3 жыл бұрын
Our land?
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@vulpes7079 3 жыл бұрын
@@MagicMike_101 yes, our land
@iagoporto5522 4 жыл бұрын
The economy didn't grow 500% during Lula's govt., but 32%. Where did you get this from? The biggest growth period was during the 70s.
@renatoathaydes3162 4 жыл бұрын
This video was extremely badly informed. He also said that Lula was the first president after the military regime (forgot Tancredo Neves, Sarney, Collor, Itamar Franco, Fernando Henrique Cardoso), which is as blatantly wrong as saying the whole country is covered in forests and mountains :D. The economy started growing fast from the time FHC was president, i.e. early 90's, almost a decade before Lula, and as you say, Lula just inherited what was already in movement.
@zehberaldo 4 жыл бұрын
That a misleading information. The military age was full of unreliable data, biased investments, artificial investments and also produced the biggest inflation that Brazil ever handled.
@LKRaider 4 жыл бұрын
"The whole nation being covered in the Amazon rainforest" Uh, That's like saying all of Australia is covered in desert. Oh wait, that's true.
4 жыл бұрын
Except it's not. South of the Amazon there's is a huge savannah like biome where most of the country's farmlands are. It doesn't even end there but you get the point
@TheoEvian 4 жыл бұрын
@@Chronosrlz It was an unfortunate exageration but one point is very precise: the geography of Brazil is not very good. You have several densely populated areas with a huge part of the country being cut off by mountain ranges and forests from each other. That requires large infrastructure investments which might be tricky. There is also a large amount of farmland but that also required large investments into improving soil quality. That also lowers the cost-efficiency of the economy. In other words, Brazil has huge potential but it has not received many advantages for free unlike for example USA.
@caorusso4926 4 жыл бұрын
@@TheoEvian based. People just don't understand that the brazilian' geography is simply not so good like the american' geography
@Pedrosa2541 4 жыл бұрын
@@TheoEvian Southeast Region, were most of the economic output is, already lost its rainforest a century ago during the coffee economic cycle, and other important regions like northeast coast lost their coverage earlier than that. And while mountains do make building infrasctruture more difficult, I don't think they are the main factor here. USA has the apalache mountains, similar height, and they are hardly an issue there.
@TheMagicJIZZ 4 жыл бұрын
@@Chronosrlz yeah what Europeans? With no mechanical equipment in the 1700s? Unless you mean White Portuguese people by saying White Brazilian well then you believe in the far right views then? If whites stripped it. Then it's their wealth and not the helpless brown People.
@Thesupermachine2000 4 жыл бұрын
"this is Brazil" , shows video of Barcelona.
@LCSV2 2 жыл бұрын
There's a major problem in Brazil: It needs tax reform, the worse way. The bureaucracy to file taxes in Brazil is insane. Businesses need to hire qualified professionals to do it, companies make a living out of it. It changes all the time, there's no consistency. The worse taxation in the country is to hire someone, as a business owner here I can attest to it. If you hire someone you pay the same amount of the employee's salary to the government. It's ridiculous, it stunts growth, you can't pay employees well. Also many companies try to hire someone without signing papers to avoid this. The employee then sues the place later, Brazil is the leading nation in the world for worker's rights cases. Also, unions rule Brazil, Lula made sure of it, it is very hard to employ anyone as unions push for annual collective raises no matter how the economy is doing. So there's little incentive for hard work, as your raise will be the same as everyone else's because it will be whatever the union mandated. There are over 17000 unions in Brazil as they make a lot of money with little work. If after 6 months employed an employee wants out, he can purposely create problems at work & demand to let go - he will not quit. Because Brazilian legislature has the employer pay a huge fine for letting go anyone short of that employee killing someone. There are cases that the employee steals from the company caught on camera but the employer still has to pay compensation when it fires the employee. It has always been tough to be an employer in Brazil, it got much worse with Lula, President Temer improved the situation a little fighting the unions. (Employees were mandated to contribute to their unions, whether they wanted or not) But that holds back growth in Brazil, nobody wants to open a business anymore, it's too much of a risk. Government jobs are the highest paid in the world, smart people study to be able to find a government job & not produce anything for the country.
@m.n152 4 жыл бұрын
As economics enthusiast, I really like your simple but comprehensive essays, great work! BTW could you make video about Indonesia please? The country I'm born into with many of its shortcoming and potential, that have love hate relationships with Australia (your home country rn :) ). Anyway fan of your work, hope you stay healthy and well!
@eumemo4814 4 жыл бұрын
12:07 Brazil is not entirely covered by the AMAZON, it is just the Northern Half. Do your research mate.
@renato360a 4 жыл бұрын
that's just a figure of speech.. most of our territory is covered in forest or natural biomes, that's the bottom line (Amazon on whole north, Cerrado in "midwest", Caatinga in the northeast). And most of what isn't is due to relatively recent deforestation, like the Mata Atlântica on the eastern coastline.
@thidios 4 жыл бұрын
@@renato360a no it isn't. Most of our country does not have infrastructure connecting it. But it has nothing to do with forests. Just a unwilling political power. You know... how with exception of some federal roads like the BR 101, there is NO other roads out of alagoas, sergipe, paraiba and maranhao? That is why. These states do not have forests to speak of, they just have unwilling governors.
@ttuliorancao 4 жыл бұрын
@@thidios dude, take a drive down from São Paulo to Santos. What will you find there? Gigantic hills and thick tropical forests that required tons of complex viaducts to be able to build a highway. Go from São Paulo to Curitiba, the border with Paraná is the same gigantic hills and tropical forest. The border again between Paraná and Santa Catarina, between São Paulo and Minas Gerais, between Rio and São Paulo... The Serra do Mar just makes a tremendous barrier between the inland and the ports
@teteu.padilha 4 жыл бұрын
I thought que were past the "Brazil is entirely covered by the Amazon" misconception. The Amazon Forest serves to inflate our size (like Sibéria in Rússia) but its not where most of our agriculture, industries our population are. São Paulo, Rio de Janeiro, Brazilia... None are located near It. (The southeast used to have the "mata atlantica" but no worries, we already destroyed most of it) I also expected to see the history behind the development of our new money(Real) since he was fundamental to the economic recovery of our country. I'm not saying the video is entirely wrong, but it kind of paints a wrong picture on some Key areas, specially on the problems of the primary and secondary sectors of economy
@rohde007 4 жыл бұрын
"but its not where most of our agriculture are" I think it is not true, the hole state of mato grosso was amazon rain forest, look at a graphic of the rainforest before and after and you will see how much of our farms are over what used to be amazon forest
@teteu.padilha 4 жыл бұрын
@@rohde007 I could've explained further, but you are right. We have agriculture there are technically inside the "Amazon", but most of the actual jungle are gone in those areas.
@Alkis05 Жыл бұрын
@@rohde007 Half of mato grosso was amazon rain forest, out of which 80% was already deforested. All of that for producing something like 2% of the countries GDP. Seems like a waste of resources to me. All so china can have enough soy sauce to put on their tofu.
@fredb2022 3 жыл бұрын
Thank you to our host EE. Learned a lot. I spent a lot of time in Brazil for the past 30 years. Luka also hand picked his criminal successor Dilma Rousseff. Brazilians are hard-working and produce better than any other country in South America.
@LauraTenora 4 жыл бұрын
I really enjoyed the ranking idea. please keep that up!
@larsb.6420 4 жыл бұрын
I love that half of the video clips in EE videos are just stock footage of some guy/woman counting money or throwing it around.
@KevinKickChannel 4 жыл бұрын
Really, I don't even watch EE videos, I just listen to the audio while doing something else
@deisedesaoconrado6511 4 жыл бұрын
Geez, among a thousand alternatives you managed to criticize the one good thing Bolsonaro did in one and a half years - an urgent pension reform that saved the country from absolute financial mayhem. Btw only the upper class was able to retire at 48 yo, which didn`t seem very fair
@vovozaum 2 жыл бұрын
This video is like leftist propaganda
@felipedesaboya471 4 жыл бұрын
Stoped watching when you told that Lula came after de military’s dictatorship. If this simple information was wrong, for the followings comments i can see that many others was too.
@mynameisenough4682 4 жыл бұрын
O cara não fez nem uma pesquisa de 10 minutinhos kkkk
@leonardobrito4829 3 жыл бұрын
Ele disse que após a ditadura ocorreram diversas eleições que em um momento acabaram por eleger o Lula, não que ele veio dps da ditadura, até pq é com o Lula que começa as putarias que a gente tá sofrendo hoje, então não tem pq falar dos presidentes anteriores
@coqueirobhmg 3 жыл бұрын
O cara supostamente faz uma análise econômica do país e pula a parte do controle da inflação...começa do Lula hahahahahha...cita q o Petróleo que bancava programas sociais...de onde ele tirou isto? Cita que a queda na produção do petróleo causou problemas sociais...não fala que a economia já estava se lascando antes lava jato...enfim...pior análise que ja vi
@MagicMike_101 3 жыл бұрын
Ooowwnnn. The judgment: if...(dont cry)
@andreww.8262 Жыл бұрын
Being someone from the States and that now lives in Brazil, I can accurately say the Brazilian government is more interested in Social Welfare. It spends a bit less than 40% if GDP in social programs (near to what France spends). They have free healthcare, free education, strict workers rights (on par with European standards), and very generous tax and regulatory treatment for small business. The country is firmly set up to support "the little guy", not big business. Like in most of Latin America, it's encouraged to start a business and/or export goods and services. Those that think Brazil is just a simple failure is someone that doesn't understand that the American growth obsession isn't a common system in the world. Brazil is poor, yes, but the economic system reflects Brazilian values instead of the demands of big business.
@LeonardoVieira-xe3li 4 жыл бұрын
I’d like to highlight the instability “thing here” in Brazil. We had coups or drastics changes in governments in: 1889, 1930, 1964, 1985, 1992, 2015, and maybe an impeachment of the current leader is on the way. Other thing is our ever-long battle with inflation and the number of currencies that we had in the XXI century. Since the forties, we had eight diffrente currencies. Brazil is the country of disparities of labor as well: Here the Employer squeezes the most of the employee, but the employee make the uses of every single knack of possibilities for revenge. It is a system of mutual distrust. And the level of polarization here is absurd, even for American’s standard. Our current crazy leader was elected because the antagonized the anti “ workers party” movement, which looted the country for years. We had two majors booms in our 50 years, one with the “military junta” in the 70s. They had a nationalist development point of view, we had some good years. However, the growth came at a cost of international debt, the oil crash of the Middle East left us indebted and with a soaring inflation. The second came with the former Lula, he was a luck guy. He was in the office at the time China was buying the world (of commodities), the state had a surplus in revenue. Many cases of corruption happened in that era but as the economy was good people did not really care.
@WickedPlaysChannel 4 жыл бұрын
Leonardo Vieira incredibly put fellow Brazilian. :)
@mariaclaraalmeidamartinsst1540 4 жыл бұрын
chorei aqui :’)
@izukawa8575 4 жыл бұрын
Good analysis. But our political division is not worse than the american. Their society is even more divided than ours, and the political debates during election is just ridiculous.
@liliuMAX 4 жыл бұрын
Yep your analysis of the historical and political spectrum of Brazil was better than this entire video
@iguana6746 4 жыл бұрын
the military dictatorship era was not a positive economic time, it brought tons of debt like you said, and permitted a lot of corruption and missdirected initiatives. The loans we took werent used too well and just resulted in debt . Id say the last boom is a little more related with the PLANO REAL, with the new currency and economic policies that alleviated the soaring inflation
@sebastiaorodrigues2843 4 жыл бұрын
12:04 aahnnn no the entire country is not covered by the rain forest, only the north. The rest is quite temperate farmlands
@MatheusSilva-rl3fm Жыл бұрын
"the amazon covers the entire country" i've lived in Brazil my entire life, in 4 different states, and have never even seen the amazon. That was such a big miss
@bielezon 3 жыл бұрын
As soon as he started talking about Brazil's geography i just knew he went to high school in usa ...
@negraoabencoado3919 3 жыл бұрын
what he said about brazil is wrong i am a video invertigador that talks about brazil
@clodman84 3 жыл бұрын
He's Australian
@vejet 3 жыл бұрын
But he's not an American, he's and Australian. That should be obvious by his accent alone.
@cheesemccheese5780 3 жыл бұрын
He's an Australian. It should be pretty obvious. We have pretty easy to identify accents.
@glaydsonp 4 жыл бұрын
As a brazilian, thank you!
@EconomicsExplained 4 жыл бұрын
Thanks mate, I hope you enjoy the video and I do the topic justice :)
@Matheus_Braz 4 жыл бұрын
@@EconomicsExplained e nois mano tmj
@glaydsonp 4 жыл бұрын
@@EconomicsExplained You did a great job mate! I would just add one parenteses on "There's nothing stopping this nation from bouncing back..." except the auto-coup that is about to happen. But the rest is gold!
@stevenm8970 4 жыл бұрын
@@EconomicsExplained Can you provide a source or the previous retirement age? 48 seems ridiculously young.
@Math617261273 4 жыл бұрын
@@stevenm8970 Its actually 60. Not 48.
@kayrius 4 жыл бұрын
12:04 come on... entire country within the amazon rain forest? It seems someone hasn't done his homework... the Amazon rainforest is a huge place. That's undeniable... but brazil has many (i said MANY) other landscapes... we have a swampy area in the heart of the country, bordering paraguay, we have a Savannah, where our capital is, we have a semi-arid region in the nortwest portion of country. Huge plains in the xtreme south, there are places where you can find snow... and all you say is: it is entirely covered by the amazon rainforest... Our geography is plagued because our population (which is far away from the amazon) is locates close to rivers that goes to the other side of the continent (to Buenos aires) our coasts have mountains that pushes waters into the continent, denying us the cheapest way of goods transportation. On the places where the rivers are navigable and don't go away from our borders, simply there is no one living there (which is the amazon rainforest).
@Evaldo_Souza 4 жыл бұрын
I'm from Brazil, and your comment on the cost of brazilian exports make me reconsider a lot of what is said about the economic of my country. Great video :)
@MagicMike_101 3 жыл бұрын
You dont need to say youre Brazilian
@MagicMike_101 Жыл бұрын
Really? And? lol
@jonyboss5682 4 жыл бұрын
Thanks brother . It's great you have good information about most country's how did you managed to get this information about economics with such a abroad way ?
@thearacit1878 4 жыл бұрын
As a brazilian who loves this channel, was excited to see this video come up but overall I thought it was one of the weakest ones. Definitely could have gone deeper into the political side as you made it seem like Lula was an economic mastermind for the growth he brought when he really created a ticking economic bomb that was bound to fall apart. Also our really poor education system leading a lack of qualified workers, our way-too-generous-for-a-developing-country social security system, and all the factors that make the cost of doing business crazy high in Brazil such as: extremely high bureaucracy, high tax rates, inefficient public institutions, high interest rates, terrible security and crime rates, etc. Not to mention the first picture is Barcelona not Rio, and Brazil is far from being "entirely covered by the rain forest"... it's really just the north. Still love the channel tho :)
@caioaugusto3138 4 жыл бұрын
Yup. He basically said that the bubble was perfect. And oh how we pay the price of this bubble to this day.
@mikerodrigues9822 4 жыл бұрын
The other videos are as bad as this one. Some countries I had researched about had lots of factual mistakes like this. HUE power.
@enzo8828 4 жыл бұрын
mas o lula foi foda msm, melhor presidente
@MAKChaosLander 4 жыл бұрын
@@enzo8828 Lula surfou na onda da inflação controlada graças aos recém estabelecidos plano real e tripê economico que ele continuou. Fora que na época as economias emergentes estavam todas em crescimento (por causa do boom das comodities talvez), inclusive a Venezuela com o Chavismo que na época parecia mil maravilhas mas hoje a gente vê os resultados. O Lula na minha opnião foi o pior presidente que o Brasil podia ter tido na nossa ultima chance de crescer pra valer, mentor do maior esquema de corrupção da história do mundo (descoberto). E tem otário que fala umas merdas ainda feito "Lula melhor presidente", tem que pensar um pouco amigo!
@enzo8828 4 жыл бұрын
@@MAKChaosLander o lula é foda nem vem
@flamingcoop 4 жыл бұрын
The last time I was this early, people still cared about the global economy, instead of their turnip prices in animal crossing
@EconomicsExplained 4 жыл бұрын
Turnips are the global economy now!
@livethefuture2492 4 жыл бұрын
Yeah so is toilet paper.
@ZeZwede 3 жыл бұрын
if this channel teaches you anything, it is that the idea of perpetual growth is insane.
@gabrielrt 4 жыл бұрын
I'm a longtime fan of the channel and as a fellow Brazilian soon-to-be economist, I think your video is really well made and is a really good guide to the problems that we face as a country. The only two things that I would correct though is the quote "the entire nation being covered by the Amazon rainforest" (12:03) which is wrong since the forest "only" takes 60% of our territory and the explanation that our economy is geographically segmented because of it, sure I can agree that the topography of Brazil and its vegetation could have imposed for a long time a limit to inwards development and expansion, but to a certain degree this can also be explained by a lack of incentives/initiatives from the government to do so. Brazil is hugely underdeveloped in terms of infrastructure, especially railway wise, and if we have some if any population development beyond of the southeast coast is because of a gold rush in the 1700s, but differently from America, where the gold was on the other side of the country, our gold was 400km (250 miles) give or take from the capital and most populated center at the time, now second, Rio de Janeiro. PS: 12:14 The white building hidden by trees to the right of the big yellow building in the center-right of the picture is the Praia Vermelha campus of the Federal University of Rio de Janeiro (UFRJ), where I'm graduating.
@user-jr3xx2hh4d 4 жыл бұрын
I'd love to see a video on one or possibly all of the central Asian countries (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan)
@shravansays 4 жыл бұрын
Second the Idea, It would be great to learn on CIS Nations.
@dazzlebreak4458 4 жыл бұрын
Third this, one of my favourite regions of the world. I would really like to visit someday. As far as economics go, I think they rode the oil and gold high waves 15-20 years ago.
@OGrandomunknownperson 4 жыл бұрын
Afghanistan,
@warwickeng5491 4 жыл бұрын
I really like this ranking system that's been introduced, however I think one criteria that could be included is education levels, education is directly related with innovation, and this is quite visible in countries such as South Korea and Japan. Just something to chew on, great video :).
@tompeled6193 4 жыл бұрын
*criterion
@tingtingin 3 жыл бұрын
wow nice vid keep up the good work
@Je.rone_ 4 жыл бұрын
Obrigado! Muito legal
@akaelalias1113 4 жыл бұрын
I’d just like to say thank you for including such a good reference list.
@danielbergmann4330 4 жыл бұрын
I wouldnt hold my breath for any advances in Brazil's economy under Bolsonaro. He talks big economic game but hasnt accomplish much, he promissed privitization of state owned companies but instead created a new state owned company, he promissed giving his advisors freedom to make their own informed decisions and is instead meddling with decisions that should be made by specialists, transforming some things that should be preety clear cut rational decisions into political intrigue... Honestly, he's just a different flavor of the same old same old politics down here.
@felipeferrari1754 4 жыл бұрын
Which company bolsonaro promised to create under his govern?
@renato360a 4 жыл бұрын
long story short, he's not Donald Trump. He doesn't have experience, expertise or an IQ above 90.
@temporoyale6251 4 жыл бұрын
@@felipeferrari1754 you didn't understand it, he created NAV, although he promised to privatize others
@InderjitSingh12 4 жыл бұрын
@@renato360a Bolsonaro and trump dont even have combine IQ of 90 lol
@temporoyale6251 4 жыл бұрын
@@renato360a he is just a parasite of the state, that happens to be in the right time and right place to be elected
@Thenightindark 3 жыл бұрын
In the beginning it wasn’t Brazil, but the city of Barcelona, Spain.
@gustavogoncalves7173 3 жыл бұрын
0:49 What about this Flamengo jersey dude been hit by a bicycle on the right? This is Brazil
@duo496 4 жыл бұрын
Pt 2: economics of 7-1 loss
@goliathsteinbeisser3547 4 жыл бұрын
Actually, yes. That might be interesting. The FIFA championship impacts birth rates in the winning countries, for example.
@KevinKickChannel 4 жыл бұрын
you want some pepper with that salt?
@furinick 4 жыл бұрын
My mother said that i was never the same person after that
@duo496 4 жыл бұрын
KevinKickMusic why would i be salty about it Im making fun of them
@EconomicsExplained 4 жыл бұрын
OOft cmon man, too soon, that was a national tragedy...
@leandrofbq 4 жыл бұрын
Nice video, but it should have started with the importance of the “Real” currency in the stabilization of the economy. Lula capitalized on that prosperity, which started with the previous president, Fernando Henrique Cardoso, FHC. Also the first democratic president in Brazil’s recent history was Collor, followed by Itamar Franco, FHC, and then Lula. Bit misleading starting with Lula and skipping what was done previously.
@tonneto9523 4 жыл бұрын
Na verdade o primeiro presidente não militar foi Sarney
@feyh 4 жыл бұрын
Mano... Onde tu viu um "Nice video" aqui? O cara chutou todas as informações, tá tudo errado do começo ao fim!! Manda um abraço pra galera que vive numa selva entre São Paulo e Rio, que quebrou o país por que faltou mão de obra barata.
@hellenmoreira9991 3 жыл бұрын
@@tonneto9523 ele nao disse que o primeiro presidente nao militar foi o lula
@TheAltieresdelsent Жыл бұрын
This aged fine as milk.
@bantawarai2038 4 жыл бұрын
Great stuff 👍🏻
@blahblahblahblah2837 4 жыл бұрын
8:30 - I assume that countries tend to adopt more safety measures as they get wealthier, which can make services slower/more expensive and probably reduces the death rate further.
@momo777777777777777 4 жыл бұрын
One of the fators
@est_locatelli 4 жыл бұрын
Living in Brazil makes me feel depressed
@SA2004YG 4 жыл бұрын
At least you're in a middle level country. There are tons who are worse off
@jpxp11 4 жыл бұрын
bolsonaro will help you
@SebAnders 4 жыл бұрын
It could be worse, you could live in North Korea!
@est_locatelli 4 жыл бұрын
@@SA2004YG That's the only thing that comforts me
@est_locatelli 4 жыл бұрын
@@jpxp11 If only it were true
@adsaidler 7 ай бұрын
Sorry, but you couldn't be more wrong. The Amazon rainforest is nowhere near the industrialized part of the country (except Manaus). There is absolutely no forest density and mountains making it hard to navigate from the south to the northeast
@kaxike7988 Жыл бұрын
after reading the comments before watching the video, i really don't feel like watching the video now, i can confirm many of the comments i saw about the mistakes of the video because my uncle lives in brazil and i go on vacation to brazil every 1 or 2 years (yeah, i'm going to brazil)
@davialex3559 4 жыл бұрын
Brazil really can invest in Education and Innovation if it wants, we have huge public Universities, but year after year the investments are cut from the Education budget.
@furinick 4 жыл бұрын
*cuts funding and say universities promote the big gay and only have orgies like a boss*
@khankhomrad8855 4 жыл бұрын
Not only that but a good part of the budget that goes towards public university is spent not on improving the education but by paying for the students to study.
@CursosEmStreaming 4 жыл бұрын
A diferença que essas faculdades só tem pixação e maconha, não faz diferença se cortar ou não, os marinheiros delas sempre vão estraga-las
@metabee6539 4 жыл бұрын
Brazilian people are I guess the only specimen in the world of public education that doesnt read the academic works and papers made by researches that foster inovation, but rather consumes far-right videos and tweets to believe that real education means drugs and crime. A country like this will for ever remain underdeveloped. The ideology to classify everythig as ideology and only oneself is right. The rhetoric of arrogance.
@davialex3559 4 жыл бұрын
@@CursosEmStreaming Cara, se você só segue políticos de Direita, sinto muito por você, eu não vou dizer que isso não existe dentro das universidades, mas é restrito a uma pequena parcela das pessoas. Experimenta ir a um Centro de Teconologias. O Ceará INTEIRO, por exemplo depende do CT da UFC, desde a malha de rodovias à gestão de recursos hídricos, colocar tudo no mesmo pacote é jogar todo o impacto proporcionado por isso fora.
@lukeharrison2507 4 жыл бұрын
Why I like this Channel: 1) Economics gets explained 2) The stock footage
@EconomicsExplained 4 жыл бұрын
Obi-wan --- "That's... why I'm here"
@Yodah97 3 жыл бұрын
Lot's of people complaining that he got the Amazon forest thing wrong, and that's fair, but it wasn't the crux of his point. The high variations in elevation make it hard to connect the nation to the coast using freight trains, which is a big issue when you are trying to export commodities in low-margin markets. And saying that the Amazon "only covers the northern region" is missing the point. That's still a *massive* swat of land that we can't properly develop, and that is hard to cross, making land-based commerce with our neighbors much harder. It is still better to have the forest than not having it, but it does pose practical challenges. And aside from that one issue, this video is freaking solid. It even covered the fact that Brazil's democracy is only 40 years old, which is something I constantly have to explain to college students here. I don't know how much people know in other regions, but it's shocking how little national history I actually learned growing up in Nordeste.
@garrettneff6976 2 жыл бұрын
extremally helpful
@kara88bg 4 жыл бұрын
Huh, my country has all of these middle income trap symptoms without actually having a "middle income". Hurray
@quagengineer1877 4 жыл бұрын
Where do u live?
@achubbs8641 4 жыл бұрын
@@quagengineer1877 Brazil I assume?
@aliefr2984 4 жыл бұрын
Let's see which one is correct : India, Indonesia, Malaysia, Brazil and pakistan. Which one is correct ?
@greenprofile5755 4 жыл бұрын
@@aliefr2984 I don't think India are classified as that
@musnahterinjak 4 жыл бұрын
@@aliefr2984 Likely Indonesia. Indonesia is country where hyperbolic, often politicized, negative economic view is being held despite the contrary. They think Indonesia looks like Venezuela, while in reality Indonesia is far cry from obsessive oil dependence, tyrannical and hostile government as Venezuela has. Funnily enough the newest 2019 World Bank data shows Indonesia's per capita GDP is now on upper-middle class. Not to mention booming youth population which mean more workforce needed by factories. In other hand, Pakistan and India needs more time to advance to upper-mid income; and Malaysia is reportedly stuck on upper middle-income zone as the earliest; but their economic prospect are far optimistic, at least on netizen sense, than Indonesia.
@DeedoDoop 4 жыл бұрын
Brazil’s economy is by far the best way to represent the wild west
@ubellubo 4 жыл бұрын
My new favourite channel. Is there a better economics channel on KZfaq!
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