Economy

Economy

At the turn of the 21st century, a juggernaut of expanding soy production moved into the Brazilian rainforest, putting a relentless squeeze on the Amazon. Soy growers arrived from the south, overrunning native forest in Mato Grosso state, then leapfrogged over much of Pará state to the Santarém district, with its flat plateau — ideal for agribusiness. Brazilian social movements...

Brazil’s economic woes continue as the country’s worst-ever recession unexpectedly deepened at the end of last year. Gross domestic product contracted by 0.9% between October and December. For all of 2016 it dropped by 3.6%; almost as bad as in 2015 with a 3.8% slump. It was the eighth straight quarter of contraction. Against a background of political turmoil and...

The spread of desertification and increasing scarcity of water amid eucalyptus monocultures in the Brazilian state of Espírito Santo is becoming an increasing concern. Brazil’s southeast coastal state of Espírito Santo is rapidly heading toward desertification. In just a few decades, the region has gone from being one of the last refuges for the seriously threatened Atlantic Forest, to having...

The father, Ariosto da Riva, was a notorious land speculator; his daughter, Vitória da Riva Carvalho built a renowned eco-resort in the rainforest. Both have shaped the Amazon. Ariosto da Riva was often described as “the last of the bandeirantes”, the violent adventurers who first penetrated the Brazilian Amazon in the 16th century in search of gold. Working with Brazil’s...

Over the last 73 years, Odebrecht has become the leading construction company in Latin America, currently active in 27 countries worldwide. Odebrecht has helped usher in a new era of modern infrastructure development in the Americas. They have built state-of-the-art highways in Colombia, power plants in the Dominican Republic, canals and aqueducts in Ecuador, the metro in Panama City, and...

Over the last 40 years, the north of the state of Mato Grosso has profoundly changed. This far-reaching transformation — matched almost nowhere else in the world — is largely due to the rapid expansion of industrial agribusiness, particularly soybean production, which has destroyed huge swathes of savanna and tropical Amazon rainforest. “There are certain regions, near Brasnorte , for...

Brazil and Argentina say they are going to pursue closer ties with Mexico and other Latin American nations alarmed by US President Donald Trump’s promises to tear apart trade deals and build a wall in the Mexican border to protect American jobs. In a state visit to Brazilian capital Brasília, Argentina President Mauricio Macri said that Mercosur would focus on...

Last month, the respected Brazilian Supreme Court Justice Teori Zavascki died in a plane crash. He was overseeing the largest corruption investigation in the country’s history. Even if his recently selected successor, Edson Fachin, rises to the occasion, Zavascki’s death remains a tragic loss and a blow to Brazil’s fight against corruption. Especially since it comes on the heels of lawmakers...

Brazilian President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday. Temer’s conservative government plans to send Congress a bill allowing 100% foreign ownership of airlines, though investors will be obliged to help expand...

  Brazil ranks 79th among 176 countries in a world ranking of perceived corruption released by Transparency International this January 25. The scoring scale used by the corruption watchdog ranged from 0 (“highly corrupt”) to 100 (“very clean”). Brazil scored 40 in the Corruption Perceptions Index – two points higher than in the previous year – but still slipped three positions...

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  Brazil’s president Michel Temer and senior lawmakers are still unwavering in their support for a major pension reform despite nationwide protests against the proposal...
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