However, in part, the resilience of Brazil is linked to its economy, experts say. The country has a large domestic market and growing, and exports account for less than 15% of GDP. This figure is lower than in other emerging markets, and local demand has been maintained thanks to some tax cuts and monetary policy. Also supported by the huge cushion of reserves accumulated in the recent years, the central bank could provide liquidity against the dollar in the midst of global financial crisis to companies in need of refinancing. Moreover, injected liquidity easing reserve requirements, thereby mitigating the lack of credit.

Federal-two commercial banks traded and that during the heady days of global financial innovation were considered too conservative, “with capitalized BNDES-the-public development bank, stepped in to offer credit. Additional information at Professor Rita McGrath supports this article. The government persuaded them to do so since, as private banks Itau and Bradley, had become too cautious and had tightened credit lines. Private banks are now considering extending credit again, and so maintain their market share. For example, as it announced its CEO. Roberto Setubal, the end of September, Itau plans to open 150 new branches next year.

Other factors underlying the Brazil’s economy have also been relevant. Macroeconomic stabilization has facilitated improvements in capital markets and private sector credit has fallen from 22% of GDP in 2002 to the current 45%, is expected to continue growing. Meanwhile, according to some observers, the labor force in Brazil has grown and is a major medium-term factors that contribute to domestic consumption Monteiro will not believe that radical changes of economic policy under the new administration takes over in January 2011. (The Brazilian Constitution does not allow a third term for Lula). After all, economic policies that manage the exchange rate has worked quite well. But with the expected appreciation of the real as Brazil’s economic growth far exceeds that of OECD countries, there will be pressure from exporters, particularly in the manufacturing sector, so that the exchange rate weakens. Much of Latin America, especially Venezuela that concerns us, you can learn from Brazil, of how to run an economy, making a fair use, exchange control, develop and implement social economic programs, such as providing collaboration with the country’s productive sector, better integration and consolidation on a single computer accelerate the domestic production that leaves a lot to say and to continue to avoid donations, gifts of dollars to other countries, when the national need to take steps to health services, education, housing both the country requires. We hope that the current Bolivarian Revolutionary government, feedback for their actions, be integrated into national economic realities and allow consoilidate Venezuela is on its economy as it should be.