Brazil cost

• High levels of public deficits;
• The economy divided into cartels;
• Inefficiency of public services;
• Maintenance of high real interest rates;
• Exaggerated net interest spread of financial institutions ;
• Excessive bureaucracy for importing and exporting, creating difficulties for foreign trade;
• Low education levels and lack of qualified labour;
• Excessive layers of bureaucracy, e.g., starting a company in Brazil takes at least 120 days;
• High levels of corruption within the public sector;
• High tax burden;
• Expensive labour costs;
• High social security costs;
• Complex and inefficient fiscal legislation;
• Economic instability;
• High electricity cost;
• Legal uncertainty;
• High interest rates;
• High crime rate, which adds extra security costs;
• Underdeveloped infrastructure, including a deteriorated network for domestic shipping by rail, highway and coastal navigation*.