Price Discrepancies at Supermarkets in Brazil
March 25, 2014
Thisarticle by Chesney Hearst is an evaluation of the differences betweencheckout and shelf prices in a selection of different Braziliansupermarkets. According to the author,a recent study foundsignificant discrepancies between shelf and checkout prices inBrazilian supermarkets of five major supermarkets in Brazilian towns.Hearst notes that “The Brazilian Institute for Consumer Defense(IDEC)” found out that some of the supermarkets reported pricedifferentials of up to 31% between the stated shelf price and theactual check out prices.
Hearstnotes that the IDEC officials visited two different chains of Extra,Walmart, Pao de Acucar, Carrefour, and Sonda. From the investigationfound that, at least each one of the five supermarket chains reportedat least one instance of divergent pricing. The report continues tostate that under such situations of divergent prices customers areentitled to a refund or compensation that is equivalent to thedifference in prices.
Federal Police Seize 3.7 Tons of Cocaine in Santos
April 1, 2014
Articleby William Jones analyses the issue of drugs. In this article, Jonesnotes that police in Santos, which lies on the southern most sectionof Sao Paulo, had seized 3.7 tons of cocaine. At the same time, Jonesnotes that the police also arrested 23 persons in the operation.Jones continues to say, “In addition to the drugs, there was alarge amount of cash, vehicles, and weapons that was also taken awayfrom the traffickers.” The federal police were quoted as sayingthat the traffickers belonged to an international group that wasresponsible for shipping cocaine from Brazil to Europe, Africa, andCuba using containers. Jones continued to say that according topolice sources, this was one of the biggest ever drug-bust in theport of Santos.
Editorial: The Army is coming
April 1, 2014
Inthis editorial section, Korshak offers an analysis of how safe it isleaving in some of Brazil’s town especially at a time when theWorld Cup just a couple months away.
Accordingto the author, because the issue of security is of major concern inmany Brazilian towns and neighborhoods then it is not surprising thatwe can expect a lot more troops in the streets this year. Korshak,however, says that it is not that he has been robbed rather it isjust that there has been a high prevalence of petty crimes in many ofthese towns where economic situations are harder, in which case thepolice could enjoy a great deal of help from the army.
Korshakalso notes that the government has taken concerted efforts to improvefavelas where a majority of town residents belong or reside. However,as the author notes crime is not only prevalent in favelas but in allforms of residences, neighborhoods and or job descriptions.
Brazil Interest Rates at 2-Year-High
April 4, 2014
Thisarticle by William Jones analyses the steps that the Braziliangovernment to combat increasing inflationary pressures. According toJones, the Brazilian central bank has opted to use interest rates asthe main tool for addressing rising inflation. To bring downinflationary pressures the Brazilian central bank has raised interestrates to a two-year-high in an attempt to contain inflation.
Accordingto Jones, this was the last time the bank would be using this“aggressive monetary policy” as a tool of dealing withinflationary pressures. The Brazilian central bank had alreadyincreased the interest rates in eight different or previousoccasions. According to Jones, the bank’s monetary policy committeemembers unanimously agreed that this would be the last time that thebank would be increasing interest rates a trend that has been commonsince April 2013 when the bank first increased interest rates afterthere were inflationary pressures mainly caused by increases in fooditems.
Controversial Study on Rape was wrong
April 7, 2014
Thisarticle by Chesney Hearst is a clarification of a previouslypublished report by the institute for applied economic research(IPEA). According to this article, the previous report by the IPEAtitled “social tolerance of violence against women” containedwrongful information and that this article would correct the problemfrom the controversial report. According to the previous reportreleased on 27thmarch the graphical representation indicated that 65.1 percent ofrespondents agreed with the statement that said “Women who wearclothes that show their body deserve to be attacked”.
Theinstitute offered to apologize for the two mistakes in therepresentation of the data because the information greatly affectedthe feelings of many people by attempting to show that women deservedto be raped. The information had also elicited a lot of public uproaron social media. This is an indication of how sensitive people are tosocial statements that may prove to be abusive.
Measles Cases on the Rise in Brazil
April 6, 2014
Thisarticle evaluates the prevalence of measles in the country. Accordingto the article, the country reported 201 cases of measles in 2013,which represented a 200 percent rise in the cases of measles from ayear earlier where only two cases were reported. According to theministry of education there were already 74 cases reported in themonths of January and February alone this year.
Thisrepresents a danger to locals as well as foreigners especially toptourists who will be visiting the country in order to watch the FIFAworld cup. The ministry of education has advised residents andvisitors to be immunized with the Mumps-Measles-Rubella (MMR) vaccineespecially for visitors who have not been adequately immunized.
Inmy opinion, I would say that the article “PriceDiscrepancies at Supermarkets in Brazil”and “Brazil Interest Rates at 2-Year-High” represent the economictopic most perfectly. This is because both articles explore aneconomic issue that affects a majority of the residents eitherdirectly or indirectly. In the first case, it is clear that peoplelose a lot of money in supermarkets through wrongful labeling as wellas other ways that retailers may use to hide the true value ofproducts from customers.
Onthe other hand, the seconds article also represents how increasinginflation especially driven by increases in food prices affect thepublic through interest prices.
Howdo recent issues and events in your region covered by the newspaperillustrate the general processes of diversity and globalization?
Brazilis the largest, as well as, the most populous country in SouthAmerica. In the last few decades it has emerged as a strong economydue to the sound foreign relations and diversified domestic trade.The economy of Brazil portrays an interconnection of the currentworld we are living in today. Thus, the country has benefited fromglobalization through its strong trade ties with China, Canada,United States and Europe. Furthermore, Brazil is a BRIC country(Brazil, Russia, India and China), whose economies are expected tobecome dominant and the most powerful by 2050 (Bansal et al, p.24).Bansal et al adds that there is a strong indicator that Brazil andthe other BRIC nations have been seeking to form a political alliancethat would convert their growing economic power into a greatergeopolitical power.
Brazilwill be hosting the FIFA world cup later this year. As a result ofthis, many issues related to Brazilian culture and economy hasemerged as people prepare for this international showdown. Issues ofhow well Brazil is interconnected to other regions of the worldthrough language, business, and infrastructure have all been on theinternational spotlight. In terms of culture the language and cuisineof Brazil has shown remarkable differences as well as similarities tocertain areas or regions of continental Europe.
Unfortunately,language barrier is the main challenge of globalization in Brazil.Portuguese language is not used by a majority of countries in theworld. This has slightly affected the degree of globalization ofBrazil, since it is a sole Portuguese speaking country in SouthAmerica. However, the country is quite diverse culturally because itis easy to find foreigners, natives, as well as a range of othermixed races or ethnicities. More so, the country has many origins,with the arrival of people from every part of the world, whichfosters an environment of cultural diversity and tolerance. SinceBrazil is a country of ethnic, cultural, religious and socialtolerance, it can peaceful accommodate trade and international eventslike the FIFA world cup, which has been held in the country severaltimes.
Regardlessof this Brazil has seen remarkable process in its globalizationendeavors especially now that the country will be hosting the FIFAworld cup. In some of the efforts, the country’s security systemsincluding the federal police and the army are keen on reducing theprevalence of illegal drugs and the use of illegal firearms. This isin an effort to appease foreigners so that the upcoming FIFA worldcup will be memorable. In addition to this, the country has offeredjob employment to additional youths especially with different ethnicbackgrounds in order to make the issue of diversity less complicated.
Thecountry has a great potential for continuous and rapid growth in theeconomy. The large territories and immense population is significantin availability of labor, and has played a significant role instrengthening the economic sector. However, the country should investin educating it people, improving infrastructure and lowering taxesin order to attract more foreign investors. Furthermore, it shouldreduce trade barriers and improve working conditions in order tomaintain a stronger economy in the future.
Bansal,Alok, Yogeshwari Phatak, I C Gupta, and Rajendra Jain. TranscendingHorizons Through Innovative Global Practices.Indore: Prestige Institute of Management and Research , 2009. Print.
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