Much of Brazil’s success has come through changes within its agricultural sector where, over the past 40 years, it has focussed on the Soya trade. But Brazil’s success does not rest on agriculture alone.
Brazil has access to huge mineral resources and has recently struck oil. Its industrial sector has been picking up pace, and China has been taking notice.
Last year, China decided to step up investment in Brazil by ploughing over US$12-billion into the economy, with most of that going to the technology sector. This figure is significant when you think back to 2009 when China’s investment in Brazil was a mere US$300-million mostly dedicated to the agricultural and mining sectors. Now it seems all eyes are on Brazil.
To read the full, original article click on this link: The battle for Brazil’s tech market is heating up | memeburn
