... deficiencies. Moreover does the economic world system exploit underdeveloped countries or do these underdeveloped countries exist in this condition due to their own faults of governance. The state of underdevelopment in Brazil is a result of political instability, social inequality, and the emergence of foreign entities within its economy In order to understand the reasons and conditions of underdevelopment it is necessary to be aware of the history of Brazil's economic development. In South America, "the combination of mineral wealth, soils and climate suitable for sugar production, and imported slave labor, or conquered indigenous labor, helped produce two castes: large landowners and politically unarmed workers. (Birdsall, 309)" As a result this region has experienced the highest form of unequal land distribution, and its history and politics have produced economic and institutional arrangements that subsequently concentrate the wealth in the hands of the few. During most of the nineteenth ...

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