Problems in Brazil: Slowdown in China and Speed of Changes
Luiz Fernando Furlan, Minister of Development, Industry and Foreign Trade of Brazil from 2003 to 2007, talks about major problems in Brazil.
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Luiz Fernando Furlan, Minister of Development, Industry and Foreign Trade of Brazil from 2003 to 2007, talks about major problems in Brazil.
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Innovation in Brazil
Brazil needs to invest much more in innovation. Nonetheless, Brazil can be one of the leaders in the green economy. It uses renewable energy at the level that no other country does in the world; around 10 to 12 million cars use biofuels in Brazil.
Brazil has an equilibrium of energy production – we are self-sufficient in energy and food, which is a major advantage.
Luiz Fernando Furlan, Minister of Development, Industry and Foreign Trade of Brazil from 2003 to 2007, talks about free trade and the rise of protectionism. He argues that “we see today firm protectionism all over the world”.
The vision is to continue to grow. The sector will grow a great deal when it comes to furniture manufacturing as Brazil becomes a huge world power.
The strategy of Magazine Luiza is to continue to expand in Brazil.
Mazazine Luiza started off 54 years ago in Franca, an inner Sao Paulo city, with strong values such as business transparency and commitment to truth.
According to Luiza Helena Trajano, CEO of Magazine Luiza, discusses the Brazilian Economic Policy: lowering interest rates, cutting taxes, stimulating the economy and boosting consumer spending.
Magazine Luiza has been growing around 20% and 30% in the last 10 years and entering the stock market contributed to the expansion and liquidity.
According to Luiza Helena Trajano, CEO of Magazine Luiza, the consumer confidence in Brazil continues to be stable.