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Seminar paper from the year 2016 in the subject Economics - International Economic Relations, grade: 1,0, Wiesbaden University of Applied Sciences (Wiesbaden Business School), course: International Economic Relations, language: English, abstract: This paper provides an overview about Brazil, its economy and recent developments. The following chapter gives an introduction into general information and backgrounds that will serve as foundation for the following chapters. Chapter 3 provides insight into economic policies and show how far politics are intertwined with the economy. This is followed by a short macroeconomic overview and the development of the GDP and inflation over the last years after which the most important economic sectors will be introduced. An insight into international economic relations of Brazil regarding major trade partners as well as commodities will be given in chapter 6. All of this will finally be completed by a conclusion and outlook on potential developments and possible changes in the future.Brazil has lately been very present in the media and demanded worldwide attention due to hosting main sport events like the FIFA World Cup in 2014 and Olympic Games in 2016. Along with that the media focused not only on the events themselves but also the host country and its condition. It is a common phenomenon that also events that are not related to the sport events gain more attention and are internationally observed closer. That was when I noticed that I hadn't known much about Brazil, its politics or economy. By following news and also writing this paper I found out that there, of course, is much more about Brazil than Carnival in Rio and a national soccer team Germany beat 7:1.While working on the paper a relevant political event happened: after the President Dilma Rousseff was impeached earlier this year she was officially replaced by her Vice President Michel Temer on 31 August 2016. This I took as a frame for my country paper and focused on recent events and changes that might come with this change of power.
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