Brazilian president Dilma Rousseff said on Tuesday (10th), during a meeting of the Clinton Global Initiative (CGI), an entity created by former U.S. President Bill Clinton, that Brazil is becoming increasingly a land of opportunity, with social inclusion, increased income and employment and is more attractive for investments. “Brazil becomes increasingly a land of opportunity as a producer of food, proteins, significant mineral resources, diversified industries and a producer of renewable energy and oil. This explains why Brazil continues to attract direct investment (…). By late 2012, the economy experienced growth after a long period of stagnation. It was not done at the expense of social inequality, but instead we used the inclusion factor to boost our economy. We created a significant market for mass consumption and social policies and income transfers that allowed us to take 36 million out of misery (…) and this allowed the configuration of a large mass market”.
According to Rousseff, thanks to this great mass market, Brazil experienced fewer difficulties with the effects of the global crisis in 2008 and 2009, and created conditions for Latin America had a strong momentum in their exchanges and their trade. Rousseff also said that improvements in Latin America are also a consequence of the increase in intraregional trade in Mercosur, Unasur and the Community of Latin American and the Caribbean States (CELAC).
“The wage policy led to the appreciation of the real minimum wage, the average real wage increased by 27% for the period. We also created a significant amount of jobs. We’ve created over 4.8 million jobs by October, and this year we will l reach one of the lowest unemployment rates of all time, which places Brazil in an enviable position in the world today. Over the past ten years, we have created 20 million formal jobs”, she said.