Rio de Janeiro: Giv­ing Good Back

“Rio de Janeiro is 2nd largest city in Brazil. The Beta city, fa­mously known as Rio, is nick­named as - The Marvelous City”.

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Rio de Janeiro city is re­garded as a Beta World city. It is the cap­i­tal city of the state of Rio de Janeiro. Rio de Janeiro is 2nd largest city in Brazil. It also com­prises the 3rd biggest urban area in South Amer­ica.

Cur­rent Econ­omy

The state has been the cap­i­tal of Brazil since a long time now. Hence­forth, it has at­tracted a lot of at­ten­tion and in­vest­ments glob­ally.

How­ever, after feast­ing an all time high for di­rect for­eign in­vest­ments in De­cem­ber 2010, years of un­sat­is­fac­tory de­clines just sprung back up in De­cem­ber 2015, as re­ported by the Cen­tral Bank of Brazil. In­vestors come to the coun­try be­cause they know that crises are cycli­cal. In view of the for­eign in­vestor, this crisis is over. Thus they are look­ing at Brazil, and par­tic­u­larly Rio, as an in­ter­est­ing op­tion again.

In­vest­ment con­sul­tant, Paulo Bit­ten­court, in­formed a news provider, that he be­lieves 2016 will prove to be a golden year for Rio’s econ­omy. Even with po­lit­i­cal am­bi­gu­ity, the amount of in­vestors look­ing to carry trade will in­crease. Th­ese are large fund in­vestors, who are al­ways look­ing for op­por­tu­ni­ties to ‘foray the hen­house’ in the mon­e­tary mar­ket.

The fa­mous Cam­pos Grass­lands

The South Brazil­ian Cam­pos grass­lands also known as Cam­pos, is a unique ecol­ogy. Si­t­u­ated in the south­ern­most part of Brazil, the bionet­work is rich in plant species, be­ing more var­ied than wood­land en­vi­ron­ment in the same area. The weather is trop­i­cally hu­mid, with rain­fall fre­quently dis­persed around the year.

Pa­le­opali­no­log­i­cal stud­ies show that this Cam­pos was present in the prov­ince be­fore for­est. Ow­ing to their ge­o­log­i­cal lo­ca­tion, in an in­ter­me­di­ary re­gion, th­ese grass­lands demon­strate a mix­ture of peren­nial grasses and a huge va­ri­ety of other botan­i­cal fam­i­lies with cle­ment species.

Mis­cel­la­neous Sec­tors

Rio has fas­ci­nated many oil busi­nesses with the de­tec­tion of oil in the Cam­pos grass­lands basin. Many in­ter­na­tional oil cor­po­ra­tions such as Shell and Esso have their of­fices and some even their head­quar­ters in the city. The tele­com es­tab­lish­ments boast cor­po­ra­tions such as Oi and Em­bra­tel.

The ser­vice seg­ment is sub­ju­gated by the bank­ing sec­tor which is a dy­namic part of the econ­omy. Plus, the cur­rency of Brazil has not been far away from sta­ble. The city’s stock ex­change ‘Bolsa da Valores’ is the sub­se­quent most ac­tive stock mar­ket in Brazil.

Real-es­tate prices are rel­a­tively less than other ma­jor cities glob­ally. Busi­ness ex­perts ar­gue that Rio will be­come the in­ter­na­tional cen­ter of the world in the real es­tate sec­tor. Rio’s real es­tate sec­tor is an­tic­i­pated as the most promis­ing in­dus­try in the fu­ture. For over­seas in­vestors, huge in­vest­ment prospect lies in con­struct­ing homes, par­tic­u­larly on the beach­side, and rent­ing it out. This will give in im­mense earn­ings over the years and in­vestors will get good value on their in­vest­ment.

More­over, build­ing com­mer­cial and res­i­den­tial prop­er­ties re­quires em­ploy­ment of a skilled man force. How­ever, in­vestors can pro­cure highly skilled and ed­u­cated la­bor eas­ily and in­ex­pen­sively. On the whole, econ­omy of Brazil in the global mar­ket is im­prov­ing per­sis­tently.

Nev­er­the­less, the Brazil­ian gov­ern­ment ini­tia­tive to pro­mote tourism in the coun­try is highly con­tribut­ing to the econ­omy im­prove­ment. The ad­vent of tourism in­dus­try is huge and has am­pli­fied over the years. The city car­ni­val is world-fa­mous and at­tracts tourists glob­ally. In ad­di­tion to that, the hand­some moun­tains and stylishly jux­ta­pose glo­ri­ous beach­front lure tourists all the way more. Thus, there is a great op­por­tu­nity for in­vest­ing in ac­com­mo­da­tion fa­cil­i­ties such as lux­u­ri­ous beach­side vil­las, leisure cen­ters, golf course and more.

More­over, the bench­mark­ing global sports events - the 2014 FIFA foot­ball World Cup and the Olympics in 2016 boosted tourism to its peak.

The fash­ion sec­tor of the city is one of the lead­ing cre­ative in­dus­tries in Rio and thus as­sures good re­turns on in­vest­ments. The agri­cul­tural sec­tor is also finely es­tab­lished. The city grows di­verse crops like su­gar cane, oranges, rice, pota­toes, pineap­ples and a lot more. The cul­ti­va­tion and ex­port of fine qual­ity cof­fee beans is gain­ing sig­nif­i­cance.

It can be con­cluded that Rio of­fers dis­tant in­vestors man­i­fold in­vest­ment op­tions in its mis­cel­la­neous sec­tors. The fact that the city has great in­fras­truc­tural and trans­porta­tion fa­cil­i­ties through­out the city aids hugely to the in­vest­ment sec­tor.

Rio Oil Sec­tor A wealth in evo­lu­tion

It is im­pos­si­ble to dis­so­ci­ate the state’s econ­omy from the oil and gas sec­tor. Rio is amongst the fore­most pro­duc­ers of petroleum and gas prod­ucts in Brazil and con­trib­utes more than half in the over­all pro­duc­tion. Ma­jor­ity of the petroleum comes from the shores of the gi­gan­tic coast­line. Even though oil is mined from the shores, there is range for in­ves­ti­gat­ing new oil re­serves.

IBRE re­searcher Lia Valls re­mark­ably notes that the state leaped from 9th to

3rd rank among ex­port­ing states be­tween 2000 and 2008. More­over, al­though the oil busi­ness is cap­i­tal con­cen­trated, la­bor ef­fi­ciency in has risen.

Rio Oil Wealth: A Bless­ing in Dis­guiss

De­spite the progress in re­cent years, the state still needs health­ier in­sti­tu­tions to avoid the mishaps of the past and as­sure con­tin­u­ous growth. Economists Fer­nando de Holanda Bar­bosa Filho and Sa­muel Pessôa per­ceive sub­stan­tial risk un­less the state po­si­tions in place poli­cies to deal with oil rev­enue volatil­ity. The rev­enue from oil is so volatile due to in­ter­na­tional oil prices and the fact that oil is a non­re­new­able re­source. Hence, they pro­pose con­cep­tion of a fund that reg­u­lates sav­ings and flow of oil rev­enue.

A sole fo­cus on de­vel­op­ment of oil pro­duc­tion and ex­ports will make the city vul­ner­a­ble to re­ces­sions, mar­ket fluc­tu­a­tions and changes in eco­nomic poli­cies.

None­the­less, facts re­port that the city is adopt­ing a smart recipe for GDP growth by amal­ga­mat­ing ed­u­ca­tion and tech­nol­ogy.

Giv­ing Back Good

Along­side the many projects con­gre­gat­ing on GDP growth goal, there are some good deed projects for those most in need of in­come and in­cen­tives for ed­u­ca­tion - the slum dwellers.

The city es­tab­lished in­cor­po­ra­tion of state and mu­nic­i­pal ac­tiv­i­ties to com­ple­ment cen­tral as­sis­tance pro­grams that give poor fam­i­lies a monthly al­lowance ac­cus­tomed on their chil­dren opt­ing for ed­u­ca­tion and par­ents par­tak­ing in school ac­tiv­i­ties. In ad­di­tion to, ef­forts are be­ing made to chart and perk up ad­mit­tance to ser­vices and mu­nic­i­pal in­fras­truc­ture.the sig­nif­i­cance of length­en­ing the for­mal­iza­tion of the slum pop­u­la­tion is not just to pro­mote the econ­omy, but also add to the ex­pan­sion of safety.

Look­ing back at the econ­omy of Rio De Janeiro, to the stage where it has ad­vanced to­day, seems like a dream. From the year 2000, per capita in­come is more than dou­ble. Vi­o­lence is lesser, mainly be­cause of the mol­li­fy­ing po­lice force units set up in 28 city slums. Pub­lic ed­u­ca­tion now has a new ad­min­is­tra­tion model. Urban and state ad­min­is­tra­tions have put their fi­nances in or­der.

The break­through of deep sea oil in 2007 was the best fac­tor and the choice to host the 2014 Foot­ball World Cup and the 2016 Olympics has been a su­per driv­ing force. Rio gov­ern­ment has taken leads of the vis­i­bil­ity from the sport­ing events to mag­ne­tize busi­nesses.

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