Brasília Time
Brazilian Real Converter
Infrastructure for the community and high-performance athletes
• Between 2003 and Jun/10, R$ 2.9 billion were invested in more than 12,500 contracts for the renovation or construction of new facilities. About R$ 1 billion was invested in 2010 alone in the implementation and upgrading of sports infrastructure, including 5,220 sports courts, gyms (1,307), stadiums (836), Olympic villages (33), sports complexes (384), football fields (683), track and field (72), and Youth Squares (192) among others. 4,134 works have been
completed and another 1,851 have been started or are under way.
2014 World Cup Opportunities Beckon Foreign Investors to Brazil
SOURCE – ARTICLESBASE -Thomas Rideg, Managing Director for Global Intelligence Alliance Latin America
Brazil is a Federative Republic with a multi-party political system. Brazil holds democratic elections for president, senators, representatives, state governors and legislators, mayors and municipal councils. Brazil is the world leader in electronic online voting (100 million voters).
In economics, BRIC (typically rendered as “the BRICs” or “the BRIC countries”) is a grouping acronym that refers to the related economies of Brazil, Russia, India, and China. The acronym was prominently used by Jim O’Neill of Goldman Sachs in 2001. According to a paper published in 2005, Mexico and South Korea are the only other countries comparable to the BRICs, but their economies were excluded initially because they were considered already more developed.
Goldman Sachs argues that the economic potential of Brazil, Russia, India, and China is such that they could become among the four most dominant economies by the year 2050. The thesis was proposed by Jim O’Neill, global economist at Goldman Sachs. These countries encompass over 25% of the world’s land coverage and 40% of the world’s population and hold a combined GDP (PPP) of 15.435 trillion dollars. On almost every scale, they would be the largest entity on the global stage. These four countries are among the biggest and fastest growing emerging markets.
