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ARTICLE · 15 APRIL 1998

Comments On Brazil's Upcoming Elections In 1998

BrazilTax
I - BACKGROUND ON BRAZIL

Brazil is the only Latin American country that was colonized by the Portuguese. It is also the largest and most populated country in South America. Brazil occupies over half the continent of South America and 40% of Latin America. Brazil has a common border with all South American countries except Ecuador and Chile.

Portuguese is the official language of Brazil, and Roman Catholicism is the major religion. Brazil became independent from Portugal in 1822 and is currently a Federative Republic headed by a president and two chambers of legislature.

The federal capital, for strategic and development reasons, is located in the center of the country and is not close to any active industrial or agricultural area. The main economic activity of the country is concentrated in the South Eastern region of the country, near the cities of São Paulo, Rio de Janeiro and Belo Horizonte.

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