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Brazil in the 21st Century

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September 12, 2014 8:00am - 5:00pm

Room 290

 

2014 is unfolding as another challenging year for Brazil.

With inflation rate of 6.5%, rising levels of short-term debt, increases in consumer prices, the country’s resilience has also been tested by mother-nature.

In the Northern State of Amazonas, record high floods have affected over three hundred thousand people and, in the Southern State of Rio Grande do Sul, more than eighteen thousand people have been displaced due to heavy rains. In contrast, the State of São Paulo is suffering its worst drought in decades. As a result, electricity prices have soared and the region’s sugar and coffee crops will be much lower than previous forecast.

Brazil’s industrial output is also losing steam. Manufacturing fell last May for the third straight month. Despite stimulus measures put in place by the government, capital goods production fell 2.6% in May from April, textiles and chemicals, 0.9% and durable consumer goods such as furniture and home appliances sank 3.6%, according to statistics agency IBGE.

Yet, Brazil remains one of the most attractive and dynamic marketplaces in the world.

The country is home to the 4th largest market for automobiles, 3rd largest manufacturer of commercial aircrafts, 4th largest market for mobile phones and 3rd largest market for computers.

The rise of middle class has been accelerating broadband access across social and income divides. With over 80 million internet users, Brazil has the 2nd largest active users of Facebook and Twitter and the 3rd largest of LinkedIn. Brazilians spend more time on social media sites and play more mobile-based games than most of users in developing nations. This phenomenon has propelled a nationwide startup boom led by passionate entrepreneurs developing a wide range of web products and services. Last year, private equity and VC firms invested about $6 billion in the country, up from $5.7 billion in 2012 however, the country’s entrepreneurial ecosystem has yet to mature.

The third edition of our annual conference Brazil in the 21st Century will gather government representatives and private sector leaders to discuss the country’s economic outlook and its digital market growth. They will offer insights on how the country can nourish its entrepreneurial ecosystem to tackle major challenges and stay competitive in a globalized world.

Speakers Include:

Fabio Coelho, President, Google Brazil
Gerardo Carucci, Global General Manager, Nike
Leonardo Pereira, Head of Entrepreneurship and Investment Funds, BNDES
Luis Samra, General Manager, Latin America, Evernote
Ricardo Fort, Sr. Vice-President Global Sponsorship Marketing, Visa
Rodrigo Velloso, Head of Gaming, YouTube
The Honorable Mauro Vieira, Brazil Ambassador to U.S.
Virgilio A. F. Almeida, Secretary for Information Technology, Ministry of Science, Tech Innovation of Brazil