Brazil: The 'Happiest' Emerging Nation
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The reputation of Brazilians as cheerful, happy-go-lucky people is starting to be reflected in the cold reality of statistics. A study has put numbers to that state of well-being by quantifying the significant reduction in social inequality in the last few years, an area in which South America's giant has outdone other emerging nations.
The study, 'Os emergentes dos Emergentes', presented by the Getulio Vargas Foundation's Centre for Social Policies with support from the Inter-American Development Bank, compares Brazil's economic and social performance with that of Russia, India, China and South Africa, the other members of the so-called BRICS group of nations.
Based on data from the Gallup World Poll 2009 on 'the degree of life satisfaction,' the coordinator of the study, Marcelo Neri, compared the 'happiness index' of the BRICS countries, and found that on a scale of 0 to 10, Brazil has a rate of 8.7, South Africa and Russia 5.2, and China and India 4.5.
These emerging countries are home to over half of the world's poor. But according to investment bank Goldman Sachs, by 2050 the combined size of the BRICS economies will exceed that of the Group of 7 richest countries.'We outdo the other countries on this,' Neri said in an interview with IPS. 'But furthermore, Brazil is the only BRICS country that improved its global happiness ranking, moving up from 22nd in 2006 to 17th in 2009.'
Reasons For the Happiness For The Nation Of Brazil
1.since 2003, some 48.7 million Brazilians have pulled out of poverty.
2.Brazil has won the greatest number of World Cup football championships — Brazil (five), Italy (four) and Germany (three).
3.the expansion of formal sector employment, and government cash transfer programmes like 'Bolsa Familia. which really stabled the Economy of the Country
4.people with monthly incomes between 750 and 3,233 dollars — is now the biggest in Brazil, comprising 55 percent of the country's 191 million people.the researchers describe those in category A as having a minimum monthly income of 4,215 dollars, while the income level in category B is 3,233 to 4,215 dollars, C is 750 to 3,233 dollars, D is 468 to 750 dollars, and E is below 468 dollars.
5.the appearance of 'a new emerging class in an emerging country' is taking place in a context of astonishingly fast reduction in social inequality. Brazil is the BRICS country that, although it has not grown at the same rate as the others, has best redistributed wealth, the statistics show.
6.that household income grew annually at an average of 1.8 percent faster than GDP, while in China household income grew more slowly than GDP by approximately the same proportion, in the 2003-2010 period.Since 2003, for example, the income of the poorest 50 percent of Brazilians grew 68 percent, while the incomes of the wealthiest 10 percent grew just 10 percent.
7. the growth is felt by the unskilled and less-educated who have often served as virtual slave labour as domestics, restaurant or construction workers, or rural labourers — groups that have now begun to join the formal labour market.
8.that supports trade unions, attributes these results to the increases in the minimum wage and, to a lesser extent, to the cash transfer programmes implemented since 2003, when Lula became president.
.the economist also pointed to a political and historical factor: 'In Brazil, after many years, a period of democracy in politics has finally coincided with a cycle of economic growth, which hadn't occurred since the second half of the 1950s.
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Im comming,,,,,,nice blog.......
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First of all, congratulation, I agree with the topic, but since 1994 when Brazil beat Italy through penalty in the USA' world cup, our Economy started to take off, during the period of Itamar Franco (died this month) the following presidents Fernando Henrique continued to developing the Economy, He was president in 1998 till 2002, After the president Lula took the power 2003 till 2010 the economy finally took off, Programme as Bolsa Familia should be followed up, the income of Brazilians' Family definitely improved, we have so much time to improve, such as the Education System and Health Care.Thank you so much for sharing. Carlos from Brazil.
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