Challenges of trading minerals in brazil Coursework

Challenges of trading minerals in brazil - Coursework Example The use of the minerals in the production has led to slower economic growth in the country. The mineral export from Brazil grew by 4% from 1950 to 2003 (Geological Survey, 2008). The challenges Brazil face is that, the country exports its raw minerals and ends up importing the finished products. Developing countries do not have people with the knowledge to manufacture goods from the minerals, hence importing the products (Davies, 2009). Another challenge is that one needs energy, labor, and capital in order to extract the mineral from the ground. The money that goes into extracting the minerals is a challenge to the country that is not economically stable (Geological Survey, 2011). It is bad for Brazil as it affects Brazil’s economic growth (Gereffi & Wyman, 2014). As the economic growth slows down, the country has to look for manufacturers or industries from other countries (World Bank & IMF, 2011). The country needs to train its people in order to have adequate labor force t he industry needs. The use of external labor forces to provide finished product proves to be a disadvantage to