GBE Assignment Brazil Essay Example

and development (R&D) and innovative technologies. Embrace is globally competitive as it operates in the aeronautics industry producing commercial, executive, and military aircraft. Although ranked only 26th worldwide on exporting high-tech products, Brazil holds great potential for high-tech industries such as aerospace, computers, pharmaceuticals scientific instruments and electrical machinery. Deforestation remains Brazil's primary environmental concern with UNEVEN reporting that 17% of the Amazon rainforest was cleared between 2000-2005; if current trends continue half of the world's major rainforests will be destroyed by 2030 due to an agricultural economy always requiring more land. Despite needing improvement since many children stop attending classes at age 10-12 years old;Brazil's education system has potential despite challenges. The country is a top producer of sugarcane, used for ethanol, as well as beef and soybeans. Due to being one of the largest greenhouse gas emitters globally, Brazil was required to reduce emissions from deforestation following the Kyoto Protocol. At the 2012 "ROI +20 Summit," it was agreed upon to decrease deforestation by 80%, resulting in a 36% reduction in greenhouse gas emissions before 2020. Minister of Environment Isabella Etcetera successfully reduced deforestation by an impressive rate (84%) within eight years; however, agriculture-linked interest groups pose threats towards meeting these targets. While exporting ethanol produced from sugarcane contributes positively towards environmental protection, increasing demand for sugarcane fields could hinder efforts made towards preventing deforestation and increasing greenhouse gas emissions. Despite having significant oil reserves, the government promotes sustainable resources and eco-friendly combustion methods for renewable energies like hydroelectricity that provides almost 80% of domestic power. There are two types of companies in Brazil: Corporations (similar to US stock corporations) and Limited Liability

Quota Companies (Limited Ltd).According to the World Bank, setting up a business in Brazil requires following various procedures to obtain a business license from the relevant municipality for legal compliance. This process takes about 108 days and applies to both foreign and domestic companies. Corporate entities enjoy legal separation from partners' assets, which means they are not accessible to creditors in case of debt.