CLASS SCHEDULE: TF 3:00-4:30 P.M.

CELESTE, CARL ANGELO

EGUIA, JOHNREAL

GAYOSO, MISSY

LAJERA, JERIC LLOYD

RAMOS, CHRISTIAN ANGELO

REAS, MARY KLAIRE

Evaluate the development of Brazil in terms of:

1. Classical Growth Classical growth focuses on how economic
growth is driven by factors like labor,
capital, and productivity. For Brazil, this can
be seen in its industrialization efforts and
investments in infrastructure. Brazil has
experienced significant growth due to its
large labor force and natural resources.
However, the classical growth approach
might highlight that Brazil's dependence on
commodity exports, such as soybeans and
steel, has made its economy vulnerable to
global market fluctuations.

2. Three Core Values of Development ● Self-esteem

— Brazil has grown to be a
significant player on the global
stage, hosting
events like the Olympics and the
World Cup. This boosts national
pride, but internally, issues like
corruption
and inequality can harm citizens'
self-esteem.
● Freedom
— Economic development in Brazil
has provided more opportunities for
people to improve their lives.
However, social inequalities still
limit access to these opportunities
for
many, especially in rural areas and
among oppressed groups.
● Sustenance
— Brazil has made progress in
reducing poverty and improving
access to basic needs like food,
 healthcare, and education.
However, there are still parts of
Brazil, where
poverty remains a big issue.

3. Objectives of Development The main objectives of development

include reducing poverty, improving living
standards,

ECONOMIC DEVELOPMENT | FIRST SEMESTER| S.Y. 2024-2025

and creating more opportunities for people
to lead fulfilling lives. Brazil has made
progress in these areas, particularly
through social programs like Bolsa
Familia, which has helped lift many out of
poverty. Yet,
challenges remain, especially with income
inequality, which is still very high. The gap
between the rich and poor means that not
everyone benefits equally from
development.

4. Sustainable Development: Goals Brazil has committed to the UN's

and Targets for 2030 Sustainable Development Goals (SDGs) for
2030. These goals cover areas like poverty
reduction, environmental protection, and
ensuring peace and prosperity. Brazil has
made progress in some areas, such as
reducing hunger and increasing access to
education. However, it faces difficulties in
achieving environmental targets, particularly
with deforestation in the Brazilian Amazon
rainforest. The country's development path
has sometimes prioritized economic growth
over environmental sustainability, which
could restrict its ability to meet all the SDGs
by 2030.

ECONOMIC DEVELOPMENT | FIRST SEMESTER| S.Y. 2024-2025