Globalisation Explain the effects of globalisation on the economy of a developing country that you have studied. - Leaving Cert Geography - Question C - 2010

Globalisation has led to an increase in foreign direct investment (FDI) in Brazil. The inflow of capital has resulted in the development of infrastructure projects, creating job opportunities and stimulating economic growth. Additionally, global trade agreements have opened up Brazilian markets to international goods, enhancing competition and promoting local industries. The agricultural sector, in particular, has benefitted from global demand for exports, allowing Brazil to become one of the world's largest agricultural producers.

On the flip side, globalisation has also brought challenges to Brazil's economy. The influx of foreign companies can lead to local businesses suffering due to intense competition and the inability to meet the demands of a global market. Moreover, reliance on exports can result in economic vulnerability; fluctuations in global prices can significantly impact Brazil’s economy. The labour market may also face issues, as globalisation can contribute to wage disparities and job insecurity in certain sectors.

Furthermore, environmental concerns have escalated due to globalisation in Brazil. Increased industrial activity and the expansion of agricultural exports have led to deforestation and other environmental degradation. However, global awareness and pressure can also drive Brazil towards adopting more sustainable practices, supported by international cooperation and funding.