Brazilian disease
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Brazilian disease is a phrase in economics to describe the situation in which the Brazilian real has strengthened (trading at around R$1.95 to the US dollar [1]) on high prices for commodities such as soybeans, making Brazilian exports of manufactured goods uncompetitive in foreign markets.[1] The term was coined to compare the economic situation facing Brazilian exports in the late 2000s to Dutch Disease, a much older term describing similar conditions faced in the Netherlands in the 1970s. Beyond its use in the referenced article, the term "Brazilian disease" has not been widely used in economic literature or media.
See also[edit]
References[edit]
- ^ Wheatley, Jonathan (2007-09-03). "A real problem?". The Financial Times.
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