Brazil and China
- Dec 14, 2022 1:34 pm GMT
Brazil and China
When I was young, the national and international perception of Brazil was that of a country "bombing" and on the way to becoming developed.
Time has shown that the country sank due to its lack of strategy and systemic corruption. We have established our position in the platoon of underdeveloped countries. Our per capita income is a fraction of that of the developed countries.
China, which had been growing with very powerfully is now very different. Its population is aging and concomitantly a larger share of GDP must be allocated to retirement.
The policy of 1 child per couple was changed to encourage the generation of a young and working population. But that needs to be educated. This requires massive allocations of resources, which are much scarcer and scaled to only 1 child per couple.
One of the most important pillars of the Chinese economy, the real estate sector, is falling sharply, interspersed with financial scandals.
The workforce that until recently was primarily linked to the most primary branches of the economy now demands white collar jobs but, of course, the central power, with an iron fist, is unable to provide an adequate response.
And so, China is following the trail of Brazil!
What to expect regarding the electric power sector?
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