Tuesday, May 13, 2008

The Capoeira has Begun!

"Two individuals sway around each other in the middle of the room. One reaches out with his foot to trip the other, only to fall, caught off-balance because he has been cleverly dodged. But the would-be tripper is unfazed, and hurls himself into a backwards, fluid cartwheel. Observers who surround them play a role as well, as they sing, smile and laugh at the contenders." --Judy Bradford.

An interesting description of the Brazilian fusion of song , dance and martial art form. The Capoeira, the folk form of native Brazilians developed in the 19th century has now started making itself visible in the way Brazil is rising. From being an impoverished underdeveloped economy of African slaves, now Brazil has more than 190,000 individuals with more than a million dollars of assets. A fast developing economy, with sound business fundamentals Brazil is the new star in the horizon of BRIC nations of India,China and Russia.

Financial rating agency Standard & Poor's awarded Brazil the "Investment Grade" status last week and sent the country's stocks to a soaring high. Brazil's stock market 'Bovespa' was one of the best performing markets of the year 2007. While the rest of the world is still reeling under the pressure of the rising commodity prices, Brazil sits contented being one of the the largest producers of soya, a very important globally consumed commodity. A series of offshore discoveries by the state owned Petrobas reckons Brazil being a major oil producing nation soon.

The dance has just begun. Brazil is in lines with its Brazilian description Pais do futuro (country of the future). The sleeping giant of South America has awakened. The Capoeira has begun!

1 comment:

Sita said...

In Brazil, exports is lagging because the soaring currency makes exports abroad costlier and imports at home cheaper.Brazil's govt has taken steps to boost exports and industrial production.

Brazilian petroleum company--Petrobras has announced a 68% profit for the first quarter this year. The share prices closed 0.18% higher even as the world petrol prices fell.

A long and rich journey ahead for Brazil!!!