Global Economic Integration Brazil Essay Example | Topics and Well Written Essays - 500 words

Global Economic Integration Brazil - Essay Example Many factors have driven up the integration and globalization of the states. Some of the basic factors were; (i) development in the technology of communication and techniques of transportations which in turn reduced the cost of transporting goods and services, (ii) the mind set of the society has changed generally to take advantage in utilizing services of the growing economic integration and globalization, (iii) the policies of the state have considerably influenced the nature and pace of economic integration. Global Economic Integration of Brazil The trade policy in Brazil in the late 20th century is a debated question; whether the importance was given to regional trade arrangements or international trade and economic integration. However, as Manzetti points out, there had been attempts made in the Latin American region for integration of trade since late 1950s; and thus a new phase for Argentine-Brazilian economic integration was created. The most important trade initiative of the present was a regional trade initiative in the Common Market of South (Mercosul). Brazil gives reasonable importance to economic development in the country. But the social conditions of the state pull back from getting into the track.