Information Technology

Brazil has many issues to resolve before it can become a fully developed country. There are many pressing social issues that need to be worked on before the public will embrace major technological advancement. One of these issues is widespread poverty. Brazil is known for its stretching slums called favelas. These favelas are where millions of Brazilians live with little running water and electricity. This issue in itself creates a major internal battle in the country to provide economic funding for people living below the poverty line. Brazil has been a technology producer for many years now. Before the country opened its doors to privatization the country tried to create an infant industry to product technology equipment. After privatization became possible in the early 1990s, the doors opened to Foreign Direct Investment. Once money started to flow from overseas, Brazil became a producer of technology equipment for countries in more developed world. There is a large telecommunications cluster in Rio de Janeiro. The major companies that are present in the cluster include: National Grid, Sprint, France Telecom, Nippon, Telefonica, MCI WorldCom, Embratel, Bell South, Canadian Telecom, Qualcomm, South Korea Telecom, Williams International, and Portugal Telecom.