Research #2 - 1/9/12

Today I decided to research the economies of both Brazil and the United States to see if the economy is impacting tourism. I found that unemployment in Brazil is at 5.2% as of December, much better than our 8.5% as of the same month. After talking to a Brazilian working at Deutsche Bank in Sao Paulo, he said that finding a job is not a problem, but finding specialized workers is a problem due to Brazil's educational system. It seems there is more incentives for Americans to find a job in Brazil, than for Brazilians to find a job in the United States. That makes me believe Brazilians are only traveling to the United States for vacation and not to become a future resident. Brazil's economy has grown at a fast pace and has become a member of the BRIC nations. These nations include Brazil, Russia, India, and China. The BRIC organization is a trade alliance between developing nations that hope to replace the developed nations as the top economic powers of the world. Brazil's GDP per capita has almost doubled in the last decade, which could explain why they are traveling more than ever. They have more money to pay for flights and explore other countries. Brazil's GDP has grown rapidly and surpassed the GDP of the United Kingdom as of 2011. I will continue to do more research on Brazil's economy and I want to look at their tariffs on foreign imports.


Link 1 - http://www.tradingeconomics.com/brazil/unemployment-rate

Link 2 - http://www.tradingeconomics.com/united-states/unemployment-rate

Link 3 - http://www.indexmundi.com/g/g.aspx?c=br&v=67