. Medical and Hospital News .




.
MILPLEX
Brazil hopes exports will fund defense
by Staff Writers
Brasilia, Brazil (UPI) Jun 1, 2012

disclaimer: image is for illustration purposes only

Brazil has set out a strategy of continuing to build defense spending on the back of earnings from raw material exports.

Senior Brazilian government officials told an international investment summit that increased defense expenditure was a response to the perceived urgency of securing the country's natural resources on land and offshore.

The comments contrast with statements that set out plans to expand earnings through manufacturing and processing of raw materials.

Brazil has been investing heavily in developing its industrial infrastructure, including aviation and defense industries but depends largely on exports of commodities and raw materials for revenue. Progress on industrialization has been rapid but the returns remain low.

Industrial production shrank for a second straight month in April, a development that took some officials by surprise. Heavy investment in industrial expansion has raised expectations of a move away from dependence on commodities and raw materials.

However, industrial output fell 0.2 percent in April after dropping 0.5 percent in March, data from the national statistics agency IBEG indicated. The output was down 2.9 percent from a year ago.

Brazil's central bank has been implementing various interest rate maneuvers to stimulate and speed up activities in sectors that are seen to be on the path to recovery. Both the government and central bank regulators have been trying to dampen revaluation of the real, the national currency which had rising in response to huge infusions of foreign investment drawn to Brazilian interest rates.

The real is down 7.1 percent against the U.S. dollar since the beginning of 2012, a move designed to make Brazilian exports more competitive.

That strategy ties into government plans to make greater use of raw materials earnings to boost industrialization and upgrade the long-neglected armed forces. As the country's earnings from commodities and raw materials grow, and more energy resources come on stream, Brazilian officials have been making references to the need for bolstering defense.

Brazilian Defense Minister Celso Amorim said in published comments Brazil must spend more to increase its preparedness and its ability to react to or dissuade anyone from attempting "to invade our territory."

Despite good relations with all 10 of its neighbors, Brazil is seeing a resurgence in support to build its defenses and to bring them closer to military spending elsewhere.

Current Brazilian spending on defense works out to 1.6 percent of gross domestic product compared to more than 4 percent by the United States, Russia and other countries. Brazil's defense spending total exceeded $30 billion, a figure that is likely to rise sharply when the government announces its decision on the air force jet fighter acquisition program.

Brazilian government officials said their current plans do not aim at matching U.S. or Russian defense spending levels. Instead, officials see 2 percent of gross domestic product as a more realistic figure. That defense spending level, if reached, would compare with defense spending in China, India and other major emerging markets.

Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



MILPLEX
BAE Systems says to cut 620 jobs in Britain
London (AFP) May 31, 2012
Arms manufacturer BAE Systems on Thursday said it planned to cut 620 jobs and shut a factory making armoured vehicles in Britain following government cuts to military spending. "Subject to consultation, some 620 jobs could be lost at sites across the UK," the British company said in a statement. Company managing director Charlie Blakemore added that BAE needed "to adapt to very challengi ... read more


MILPLEX
Ferrari auction to raise money for Italy quake

Sandia Labs technology used in Fukushima cleanup

Peru carries out nationwide earthquake safety drill

Quake survivors' misery as Italy counts the cost

MILPLEX
Lockheed Martin Completes Navigation Payload Milestone For GPS III Prototype

TomTom eyes expanding S. American market

Spirent Launches New Entry-Level Multi-GNSS Simulator

Beidou navigation system installed on more Chinese fishing boats

MILPLEX
Handful of genetic changes led to huge changes to human brain

Family values

Suspicion resides in two regions of the brain

Personality genes may help account for longevity

MILPLEX
Land and sea species differ in climate change response

Proteomic analysis of immuno camouflaged surfaces

Octopuses focus on key features for successful camouflage

Copy of the genetic makeup travels in a protein suitcase

MILPLEX
Hong Kong sees first human bird flu case in 18 months

Anti-inflammatory drugs may improve survival from severe malaria

Targeting tuberculosis 'hotspots' could have widespread benefit

Powerful new approach to attack flu virus

MILPLEX
China cracks down on Tiananmen anniversary

Dalai Lama envoys resign: Tibet exile govt

Democratic reform irreversible in China: Chen

Ex-Macau minister jailed for corruption

MILPLEX
Iran navy saves US freighter from pirates: report

Jailing of marines hitting anti-piracy efforts: Italy

Armed N.Koreans kidnap Chinese sailors: reports

EU navies launch first land strike on Somali pirate assets

MILPLEX
Irish yes vote fails to dispel euro fears

Outside View: Another lousy jobs report

Outside View: Modest U.S. job growth

Asia struggles to ward off impact of European crisis


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement