As the case with South Africa, Brazil is said to be a country of contradictions. The recent Ernst & Young G20 Entrepreneurship Barometer of 2013 report found that although Brazil has had strong economic growth in the last few decades as well as an overall increase in investments, a complex tax system as well as a high business mortality rate are only some of the obstacles currently hampering entrepreneurial growth.
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One thousand five hundred entrepreneurs in countries such as South Africa, Brazil, India, Russia and China as well as the US, Japan and the UK have been surveyed to bring about the G20 Entrepreneurship Barometer of 2013 report. Of the five so-called pillars of growth, Brazil topped the G20 average score with the exception of its tax and regulation.
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