Brazil's president calls for more investments in innovation

Brazil's president calls for more investments in innovation
Brazilian President Dilma Rousseff on Friday called for more investments in innovation to deal with the shocks of the European debt crisis.

"We must take steps that will change Brazil, and one of them is undoubtedly placing our bets on innovation. I believe innovation, science and technology will be leaps for Brazil," she said.

Rousseff said Brazil must seize the opportunity that might appear and must realize that Europe will not emerge from the crisis anytime soon and the scenario in the United States is not very favorable, either.

"This is a very delicate moment," she said.

Rousseff also stressed that Brazil cannot afford to get scared and must continue to produce and consume.

The president also called for increasing local production of items which are currently being imported, such as the drills used by state-controlled oil and gas giant Petrobras, to create jobs.

Rousseff said Brazil has every chance to become the world's fifth largest economy, but added that ensuring social equality in the process of development is more important.

"We want to be a country without poverty, a middle class country with quality services," she said.

Editor: Yamei Wang

English.news.cn   2011-11-26 10:31:13 FeedbackPrintRSS
RIO DE JANEIRO, Nov. 25 (Xinhua)