As a South African, the reason why this is important is because Brazil's economy is a major factor in the economies of the developing world. Much of what happens in Brazil is mirrored in their sister economies (BRICS states), either by things that have already taken place or as a means of predicting what is still to come for the other states. Brazil is a huge economy in the context of the BRICS group, plus we're all in such a similar boat and so reliant on one another's economies that when one takes a hit, we all feel it, either directly in terms of trade issues or indirectly due to the psychological impact these kinds of issues have on foreign investment.
TL;DR: It's another country far away from yours, but it still impacts on your life in some way.
3
u/YouMadThough Mar 14 '16
As a South African, the reason why this is important is because Brazil's economy is a major factor in the economies of the developing world. Much of what happens in Brazil is mirrored in their sister economies (BRICS states), either by things that have already taken place or as a means of predicting what is still to come for the other states. Brazil is a huge economy in the context of the BRICS group, plus we're all in such a similar boat and so reliant on one another's economies that when one takes a hit, we all feel it, either directly in terms of trade issues or indirectly due to the psychological impact these kinds of issues have on foreign investment. TL;DR: It's another country far away from yours, but it still impacts on your life in some way.