There are a few things that would make Brazil a lot more stable economically (and even socially and politically) if we achieved self-sufficiency: Fossil fuels: Currently, Brazil is self-sufficient in oil, but we export petrol to buy back refined fuels (gasoline and diesel). If we were self-sufficient in fossil fuels we would be much more immune to inflation every time OPEC decides to reduce oil output. Wheat: We are…
> Achieving self-sufficiency in these three areas would be like a second independence for us (first was when we got free from Portugal). Every country in the world is dependent on trade, which is saves a lot of money over self-sufficiency. North Korea is the only country that tries self-sufficiency. If it costs you $100/bushel to produce wheat and you can buy it for $60/bushel (I'm fabricating numbers), why produce i…
“Certain countries” are well known for subsidizing domestic grain production and dumping it on overseas markets which ends up hurting the local farmers as they can’t compete on prices. Given enough time these countries become totally dependent on the imported grains and their entire farming industry goes away.
You make the choice on if you’re comfortable depending entirely on foreign production of foodstuffs.
—edit—
Actually, you don’t get to make the choice…