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The following is a guest post by a fellow investor (mobile guru) whose interest lie within the mobile space, which is sure to be a big winner in the years ahead Please make him feel welcomed as your feedback will most likely determine his future contributions:
Recently I spent a week in Sao Paulo, Brazil at an International Conference. Being my first trip to this part of the world I was filled with some interpretation given some of the news coming out of the region. In fact there was an attempt to kidnap a famous Formula 1 race car driver shortly before I arrived. Fortunately I received no such attention and I found the part of the city where I stayed to be very hospitable and had no issues. Now I am sure that there are other parts of the city that are not like this, but I have been in cities all around the world and the same can be said for them.
Brazil is the world’s fifth largest country, both by geographical area and by population. Their economy is the world’s eight largest by nominal GDP and the ninth largest by purchasing power. Brazil is one of the world’s fastest growing major economies.
What did I learn on my week long trip?
First for those who don’t know Brazil will be hosting the World Cup in 2014. They also will be hosting the Olympics in 2016. Two impressive venues coming to Brazil. In preparation they are already doing a lot of building. There was major construction going on all over the city and country. Buildings were either being redone or new buildings were going up. I also heard about some of the plans for stimulating their economy. Brazil electronics are very expensive as was seen on a pricing trip to Walmart. A 32” LCD TV was roughly $900 US dollars. About twice as high as the equivalent model at a Best Buy in the US. The Brazilians have already put in place agreements with a lot of the major LCD companies to set up manufacturing of LCD TVs in Brazil. … [visit site to read more]
