Also Brazil has the largest economy in Latin America nations and second largest in the western hemisphere. Brazil is part of Mercosul, which is a pre-eminent regional trading agreement in Latin America.
Recently, Brazil was given the opportunity to host the FIFA World cup 2014, Summer Olympic in 2016 and Confederations cup. The Brazilian government is faced with the problem that they do not have sufficient housing for the visitors for the Olympic Games. Which meant improvements is needed on the infrastructure, on the security of the country and so on. The Public Olympic Authority (APO), an extra governmental organization has the power of allocating 15 million dollars to improve the infrastructure of Brazil. .
Also 240 billion dollars was received form PAC to invest in Brazil:.
The current dock needs to be revamped. .
To accommodate more cruise ships.
The plan is to expand the subway.
Transportation facilities are being improved .
Construction of the Olympic village.
Airports are being remodel. .
Security of the country .
Ecological conversation .
Education developments .
Brazil economy is growing although it continues to show a high level of income inequality.
Non-Market Parties and Their Interests.
Government .
Brazil is a Federal Presidential Constitutional Republic, based on representative democracy. The federal government has three independent branches: executive, legislative and judicial. The executive power is exercised by the executive branch, headed by the president and advised by a cabinet. The legislative power is in hand of the National Congress, a two-chamber organ consisting of the Federal Senate and the Chamber of Deputies. The judiciary, consisting of the Supreme Federal Court, the Superior Court of Justice, the National Justice Council and the regional federal courts, exercises the judicial power. 1.
The president, who is elected by votes for a four-year term (may sit two terms), is both head of the state and head of the government.