The Human Development Index And Gini Coefficient - 1270 Words

Despite the fact that Brazil’s Gross Domestic Product is one of the highest globally, Brazil still faces developmental issues in their economy. As Stiglitz has mentioned prior to his overall research, it is clear to see that Brazil has benefited tremendously from globalization . With a GDP of $2.346 trillion , this shows the output of goods and services have helped the country bring in more revenue to help stabilization. Although there is an increase in GDP, both the Human Development Index and Gini coefficient is still at an all-time low despite the growth. Brazil’s HDI is ranked seventy-five compared to other states (which shows that money is not being distributed in the proper places because corruption is a still a major issue); the Gini coefficient is another factor of corruption (52.9 ). Since the GDP is $2.346, you would expect for the income of the individuals (the Gini coefficient) to be just as high, but in this region, wealth is not being distributed evenly. In this paper you will see how the transformation from Mercantilism to Capitalism has effected Brazil, including the extent of government involvement in the economy. As an illustration, Brazil has had the chance to jump on the boat in comparison to China, and India as a result of development as mentioned by Collier . As for the notion of the resource curse, Brazil is not effected much by it now as compared to previous years before. For example, in the mid-17th century when Brazil was the leading distributorShow MoreRelatedMeasuring Economic Participation and Social Protection1300 Words   |  5 Pagessociety, where women were and continue to be treated inferior to men and were downgraded to do domestic work. Although there have been several reforms in trying to lower inequality against women because of the now-known great importance to the development of society, it still, nonetheless plagues our society. The promotion of gender equality is co-existent with social protection and th e first step to combating gender inequality, while simultaneously combating problems related to poverty and educationRead MoreSources Of Economic Growth And Social Justice Essay1402 Words   |  6 Pages(1) illustrates the development of per-capita income through the first decade of 21th century and it shows that per-capita income growth rates were, in most, negative during the first half of the first decade of 21st century; and then, these negative rates turn to be positive during the second half, which indicates improvement in the level of economic activity during this half of the decade. Figure 1: Per-Capita Income Growth Rates Source: World Bank, World Development Indicators databaseRead MoreComparing Standard of Living and Quality of Life Between Countries Using GDP833 Words   |  4 Pagesindicators, which can be used together to give a good idea of a countries’ SoL. 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