Lula da Silva’s tenure

Lula da Silva became president of Brazil on 2003. He was considered as leftist politician since the beginning of its political career when he  would oppose to the military dictatorship. It is probably the most popular and beloved president that Brazil has ever had. He based his tenure on impling social measures to reduce poverty among the people of Brazil.

He focused specially on changing the situation of poverty. Around 30 million of brazilians started being part of the middle class a poverty was left with very low ratios. The main target of this new government was to empower the middle class by giving better services and better living conditions.The GDP per capita grew because more people were entering the labor market. National companies were helped by the government and protectionist measures were applied. The industrial and the financial sector also grew considerably mainly because the prices of natural resources had rose. Since Brazil is very rich in natural resources, a lot of investors came to Brazil and brazilian companies were exporting worldwide. The inflation that the country had with its currency started decreasing and the 40000 debt from the crisis in the 90’s was paid to the FMI.

Many of the people that were close to Lula and Lula itself were, after a few years of having left the presidency of the country, found guilty of political corruption for having benefit from a company that was given public contracts by the government. Lula was sentenced to 12 years of prison. The Public company Petrobras was also involved in corruption cases related with Lula da Silva and Dilma Rousseff. 

However, when Lula left the government in 2011, around the 80% of the population had approved his tenure. In fact, Brazil did not suffer much the effects of the 2008 economic crisis because at the moment, the brazilian economy was one of the strongest in the world.

At the moment,Brazil is the most powerful economy in South America and it is ranked the 6th in the world based on GDP per capita. Its population in 2017 is over 200 million. Brazil has had its bigger growth between the years of 2002 and 2015 during most of Lula da Silva’s tenure. Brazil’s main businesses are and have been for a long time the agriculture first, Brazil is the world’s first producer and exporter of coffee and sugar, and the industrial sector since the country has lots of natural resources being the main ones the steel, aluminium and coal. Brazil is the world’s second main exporter of steel in the world.

Information about Lula da Silva was obtained from these articles:
 https://www.bbc.com/mundo/noticias-america-latina-42812596
https://www.cetri.be/Balance-de-ocho-anos-de-gobierno?lang=fr 
 https://es.portal.santandertrade.com/analizar-mercados/brasil/politica-y-economia
https://www.elmundo.es/mundodinero/2002/12/27/Noti20021227122240.html