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The economic history of Brazil covers various economic events and traces the changes in the Brazilian economy over the course of the history of Brazil. Portugal , which first colonized the area in the 16th century, enforced a colonial pact with Brazil, an imperial mercantile policy, which drove development for the subsequent three centuries. [ 1 ]
The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. [30] As of 2024, the Brazilian economy is the third largest in the Americas in nominal terms, and second largest in purchasing power parity. It is an upper-middle income developing mixed economy. [31]
As seen in the right side of the "Economic Growth in Brazil" graph, Brazil entered a severe economic crisis that saw a quick decline in the GDP of the country. Similarly to the slow down from the previous years, the decline in GDP is argued to have been caused by inconsistent economic policies implemented by the Rousseff Administration. [12]
Brazil: The Once and Future Country (2nd ed. 1998), an interpretive synthesis of Brazil's history. Fausto, Boris, and Arthur Brakel. A Concise History of Brazil (Cambridge Concise Histories) (2nd ed. 2014) excerpt and text search; Garfield, Seth. In Search of the Amazon: Brazil, the United States, and the Nature of a Region. Durham: Duke ...
Regional economic geography examines the economic conditions of particular regions or countries of the world. It deals with economic regionalization as well as local economic development. Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population ...
Historical geography is the branch of geography that studies the ways in which geographic phenomena have changed over time. [1] In its modern form, it is a synthesizing discipline which shares both topical and methodological similarities with history , anthropology , ecology , geology , environmental studies , literary studies , and other fields.
Historical economic geography examines the history and development of spatial economic structure. Using historical data, it examines how centers of population and economic activity shift, what patterns of regional specialization and localization evolve over time and what factors explain these changes.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.