BY STAFF REPORT
More than 35 million Brazilians have joined that country’s middle class over the past decade and today they account for 52 percent of Brazil’s total population, says a report released by the Brazilian government this week.
Interestingly, per capita income of Brazil’s middle class families range from $141 to $495 per month. Given the contents in a similar report from the World Bank, the household income of middle class families in Brazil rose between $10 and $50 a day.
Following the release of the report, the Brazilian government said the increased participation of the middle class in the economy is a key driver of growth.
“It’s essential to have an environment that promotes the participation of the middle class in economic growth. For this to occur, we need productive, well-paid and low turnover jobs. We must also ensure equality in opportunities, openness to dialogue and appropriate conditions for health …
By Filipe Pachecho
When the president of Brazil rolled out her administration’s new “Greater Brazil Plan” last August at a big-splash event, one of the main players on the stage that day was Aloizio Mercadante. As minister of Science, Technology and Innovation, he helped shape the new “Plano” that featured several measures aimed at boosting the Brazilian IT industry.