Within the next decades, an economical switch is expected in the global scenario: emerging nations will lead the global economy and productivity. According to the International Monetary Fund (IMF), in 2012 Brazil was the sixth largest economy of the world by gross doestic product (GDP), and by 2018 it is expected to be the fifth largest world economy.
In 2012, Brazil was in the 4th position among the top 10 countries receiving foreign direct investment (FDI). The country is currently going through a transformation in its economic growth model, becoming better oriented to increase productivity and to reduce social disparities. Brazil is expected to be the fifth major consumption market globally by 2015, driven by consumption-stimulating governmental programs and by the size of the Brazilian population (194 million in 2012).
Furthermore, the Brazilian government is strongly committed to supporting national R&D activity. In order to increase private investments, has established several federal programs in partnership with companies/industries to stimulate this activity, such as financing programs and credit lines. The total R&D investments from the Brazilian government reached $ 6.1 billion in 2011.
Additionally, in March 2013, the Brazilian government launched the “Inova Empresa Plan” that provides US$ 32.9 billion for Brazilian companies to invest in innovation and technology, making them competitive in the international market.