1.Explain the importance of agriculture to Brazil’s current success. What role will agriculture play in Brazil’s future? What are the implications of this for other countries? How might countries like the United States react if Brazil is successful in its quest for the elimination of agricultural subsidies paid to developed country farmers?
2.How has Brazil’s position as the world’s largest exporter of soy and other agricultural products helped U.S. companies?
3.Reflect on Brazil’s efforts to take on a bigger role in the global economy. In your opinion, are critics who argue that country should be more inwardly focused right? Why or why not? How might Michael Porter consider this situation?
4.Brazil is a frontrunner in the use of biofuel. Explain, using the theory of comparative advantage, how Brazil has achieved this position, and what it means for the country.