Economies Are Stagnant or Declining in 70% of 5,700 Brazilian Cities

Of the total of 5,700 municipalities in Brazil, around 4 thousand have economies that are stagnating or declining, approximately 800 have sustained balanced growth, and only 200 (capitals, beach resorts, and industrial zones) have experienced much faster economic growth than the rest.

These numbers are drawn from a study that the National Economic and Social Development Bank (BNDES) has been conducting since the beginning of the year, in partnership with the Espí­rito Santo State Development Bank (Bandes), to identify the need for investments in cities.

The data were presented Thursday, October 13, at the first seminar of the Quality Cities ("Qualicidades") project, which studies ways to stimulate the development of Brazilian cities.

The director of Planning at the BNDES, Antônio Barros de Castro, said that the study, which should be completed by July, 2006, focuses on approaches to meet the urban crisis and compares successful and unsuccessful experiences in various cities. According to Barros de Castro, the analysis will serve to guide the bank in its investments.

The coordinator of the Quality Cities project, Luiz Paulo Vellozo Lucas, is in favor of cities’ having more autonomy to decide the best path for their development. He emphasized that cities with the highest rates of economic development are also the ones that face the most serious urban problems, such as slum formation, violence, and environment imbalance. For these cities, he explained, government policies and investments in housing, public safety, and basic sanitation are required.

"On the other hand, for the cities with stagnant economies, the majority of which depend upon family farming, what is needed are credit programs for irrigation and the purchase of agricultural machinery and equipment to warehouse and market what they produce," Lucas went on to say.

Agência Brasil

Tags:

You May Also Like

Portuguese Minister Denies Brazil’s Adman Tried to Pass as Presidential Advisor

The ex-minister of Public Works of Portugal, Antonio Mexia, now denies that Brazilian adman ...

Products for the hair from Brazil's Natura

Brazil Becomes World’s Third Cosmetics Buyer Behind US and Japan

Brazil has risen from the fourth to the third position in the ranking of ...

It’s Carnaval in Brazil. All Trouble Is Gone.

Brazilians love to party. Carnaval may have officially ended at dawn on Ash Wednesday ...

Brazilian Justice Indicts Six Close Aides of Lula for Dossiergate

A Brazilian federal judge indicted six close aides of Brazilian President Luiz Inácio Lula ...

70% of Brazilian Nitro Quí­mica’s Production Go Overseas

Sales of nitrocellulose by company Nitro QuÀ­mica, a subsidiary of Votorantim Group, to the ...

ET's spaceship in Varginha, Minas Gerais, Brazil

An Out-of-this-World and All-Around Charming Varginha, Brazil

Since January 2003, when I first ventured out of my world in St. Louis, ...

Brazilian company Fris Moldu Car

Late Wages Lead Brazil Workers to Take Over Factory Where Lula Once Worked

Workers at the Fris-Moldu-Car plant outside of São Paulo have occupied the factory since ...

Brazil's stock market, Bovespa

Brazil’s Money and Stock Market Have Become the Planet’s Strongest

Martin Weiss, author of the investment newsletter Money and Markets. has just examined the ...

How Trade Diversification Saved Brazil and Neighbors from the Worst

As the G-20 meeting is about to begin in London, the outlook for Latin ...

In Meeting with Brazilian Leader, Indian Premier Asks for Time-Bomb Action

Brazilian President Luiz Inácio Lula da Silva has been meeting with the leaders of ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`