Brazil: growth, adaptive capacity & new green technologies
environmental opportunities and antagonisms for Brazil in the 21st CenturyArchive for growth
“Low Carbon, High Growth”
World Bank Report, written by Augusto de la Torre, Pablo Fajnzylber and John Nash, looking ahead to Copenhagen, examining how Latin America is in a position to lead middle income countries in reducing emissions from deforestation, breaking the impasse on hydropower development, improving energy efficiency, and transforming urban transport.
Brazil and the Financial Crisis
Despite dramatic drops on the Bovespa; 
and the Real closing on Wednesday at R$2,28 against the dollar, after strong intervention (including the selling of dollars for the first time since 2003) by the Brazilian Central Bank, the economy is well set up to avoid the worst of the global financial crisis, argues Jonathan Wheatley of the Financial Times.
In spite of the extent of panic selling this week, many economists still expect Brazil to emerge relatively unscathed from the global financial crisis. Its banking sector underwent a state-sponsored restructuring in the 1990s and has little of the exposure to troubled assets afflicting US and European banks. Only about 10 per cent of bank credit is raised outside Brazil.
On Wednesday 8 October the IMF forecast 2009 Brazilian annual growth rate of 3.5%. Charles Collyns, Director of IMF Research stated that a slowdown in growth and weakening of the Real willl present the Brazilian Central Bank with the opportunity to bring interest rates down.
Decoupling to Recoupling
Jim O Neil, chief economist at Goldman Sachs, explains where the markets are regarding links to the US economy. China, whose retail spending is now higher than that of the US, has decoupled taking with it economies connected to and supporting to its continued growth.
BBC World Service: ‘The World’s Shifting Balance’
BBC World Service radio programme presented by Martin Wolf (click through for mp3 here). Wolf talks to people including Charles Dumas, Justin Lin and Kenneth Rogoff about whether global economic governance needs to be rethought. E.g.The outdated, empty pronouncements of the G-7 as well as SWFs of large emerging economies propping up developed nations’ banks.
Growth, inflation and development strategy
Video from BNDES President Luciano Coutinho talking about how they see their national development plan is proceeding at a national level against the international economic outlook. Reactions to the forecasted slowdown of growth from 1st quarter rate of 5.8% and to the government’s plan to combat inflation looked at in Folha de SP. Lula’s take on the recent growth rate and Brazil’s changing fortunes regarding the G-8
from folha online:
