The Observatory of Economic Complexity
The Observatory of Economic Complexity is a data visualization site for international trade data created by the Macro Connections group at the MIT Media Lab. The goal of the observatory is to distribute international trade data in a visual form. At present the observatory serves more than 20 million interactive visualizations, connecting hundreds of countries to their export destinations and to the products that they trade; the Observatory of Economic Complexity combines a number of international trade data sets, including data from Feenstra, Deng, Ma, Mo's World Trade Flows: 1962-2000 dataset and made compatible through a National Bureau of Economic Research project and HS4 aggregated from the HS6 classification cleaned by the BACI team at Centre d'Etudes Prospectives et d'Informations Internationales. The dataset contains imports both by country of origin and by destination. Products are disaggregated according to the Standardized International Trade Code at the four-digit level and the Harmonized Systems at the four digit level.
Complexity economics Economic Complexity Index List of countries by economic complexity List of countries by 2020 estimated GDP according to ECI Official website Hausmann, Ricardo. The Atlas of Economic Complexity. Hollis New Hampshire: Puritan Press. ISBN 978-0262525428
An export in international trade is a good or service produced in one country, bought by someone in another country. The seller of such goods and services is an exporter. Export of goods requires involvement of customs authorities. An export's reverse counterpart is an import. Many manufacturing firms began their global expansion as exporters and only switched to another mode for serving a foreign market. Exporting refers to sending of services from the home country to foreign country. Methods of exporting a product or good or information include mail, hand delivery, air shipping, shipping by vessel, uploading to an internet site, or downloading from an internet site. Exports include distribution of information sent as email, an email attachment, fax or in a telephone conversation. Trade barriers are government laws, policy, or practices that either protect domestic products from foreign competition or artificially stimulate exports of particular domestic products. While restrictive business practices sometimes have a similar effect, they are not regarded as trade barriers.
The most common foreign trade barriers are government-imposed measures and policies that restrict, prevent, or impede the international exchange of goods and services. International agreements limit trade in and the transfer of, certain types of goods and information e.g. goods associated with weapons of mass destruction, advanced telecommunications and torture, some art and archaeological artefacts. For example: Nuclear Suppliers Group limits trade in associated goods; the Australia Group limits biological weapons and associated goods. Missile Technology Control Regime limits trade in the means of delivering weapons of mass destruction The Wassenaar Arrangement limits trade in conventional arms and technological developments. A tariff is a tax placed on a specific good or set of goods exported from or imported to a country, creating an economic barrier to trade; the tactic is used when a country's domestic output of the good is falling and imports from foreign competitors are rising if the country has strategic reasons to retain a domestic production capability.
Some failing industries receive a protection with an effect similar to subsidies. The third reason for a tariff involves addressing the issue of dumping. Dumping involves a country producing excessive amounts of goods and dumping the goods on another country at prices that are "too low", for example, pricing the good lower in the export market than in the domestic market of the country of origin. In dumping the producer sells the product at a price that returns no profit, or amounts to a loss; the purpose and expected outcome of a tariff is to encourage spending on domestic goods and services rather than imports. Tariffs can create tension between countries. Examples include the United States steel tariff of 2002 and when China placed a 14% tariff on imported auto parts; such tariffs lead to a complaint with the World Trade Organization. If that fails, the country may put a tariff of its own against the other nation in retaliation, to increase pressure to remove the tariff. Exporting has two distinct advantages.
First, it avoids the substantial cost of establishing manufacturing operations in the host country. Second, exporting may help a company achieve experience curve effects and location economies. Ownership advantages are the firm's specific assets, international experience, the ability to develop either low-cost or differentiated products within the contacts of its value chain; the locational advantages of a particular market are a combination of market potential and investment risk. Internationalization advantages are the benefits of retaining a core competence within the company and threading it though the value chain rather than to license, outsource, or sell it. In relation to the eclectic paradigm, companies that have low levels of ownership advantages do not enter foreign markets. If the company and its products are equipped with ownership advantage and internalization advantage, they enter through low-risk modes such as exporting. Exporting requires lower level of investment than other modes of international expansion, such as FDI.
The lower risk of export results in a lower rate of return on sales than possible though other modes of international business. In other words, the usual return on export sales may not be tremendous. Exporting allows managers to exercise operation control but does not provide them the option to exercise as much marketing control. An exporter resides far from the end consumer and enlists various intermediaries to manage marketing activities. After two straight months of contraction, exports from India rose by 11.64% at $25.83 billion in July 2013 against $23.14 billion in the same month of the previous year. Exporting has a number of drawbacks: Exporting from the firm's home base may not be appropriate if lower-cost locations for manufacturing the product can be found abroad, it may be preferable to manufacture where conditions are most favorable to value creation, to export to the rest of the world from that location. A second drawback to exporting, is that high transport cost can make exporting uneconomical for bulk products.
One way to fix this, is to manufacture bulk products regionally. Another drawback, is that high tariff barriers can make exporting uneconomical and risky. For small and medium enterprises with fewer than 250 employees, selling goods and
China the People's Republic of China, is a country in East Asia and the world's most populous country, with a population of around 1.404 billion. Covering 9,600,000 square kilometers, it is the third- or fourth-largest country by total area. Governed by the Communist Party of China, the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities, the special administrative regions of Hong Kong and Macau. China emerged as one of the world's earliest civilizations, in the fertile basin of the Yellow River in the North China Plain. For millennia, China's political system was based on hereditary monarchies, or dynasties, beginning with the semi-legendary Xia dynasty in 21st century BCE. Since China has expanded, re-unified numerous times. In the 3rd century BCE, the Qin established the first Chinese empire; the succeeding Han dynasty, which ruled from 206 BC until 220 AD, saw some of the most advanced technology at that time, including papermaking and the compass, along with agricultural and medical improvements.
The invention of gunpowder and movable type in the Tang dynasty and Northern Song completed the Four Great Inventions. Tang culture spread in Asia, as the new Silk Route brought traders to as far as Mesopotamia and Horn of Africa. Dynastic rule ended in 1912 with the Xinhai Revolution; the Chinese Civil War resulted in a division of territory in 1949, when the Communist Party of China established the People's Republic of China, a unitary one-party sovereign state on Mainland China, while the Kuomintang-led government retreated to the island of Taiwan. The political status of Taiwan remains disputed. Since the introduction of economic reforms in 1978, China's economy has been one of the world's fastest-growing with annual growth rates above 6 percent. According to the World Bank, China's GDP grew from $150 billion in 1978 to $12.24 trillion by 2017. Since 2010, China has been the world's second-largest economy by nominal GDP and since 2014, the largest economy in the world by purchasing power parity.
China is the world's largest exporter and second-largest importer of goods. China is a recognized nuclear weapons state and has the world's largest standing army and second-largest defense budget; the PRC is a permanent member of the United Nations Security Council as it replaced the ROC in 1971, as well as an active global partner of ASEAN Plus mechanism. China is a leading member of numerous formal and informal multilateral organizations, including the Shanghai Cooperation Organization, WTO, APEC, BRICS, the BCIM, the G20. In recent times, scholars have argued that it will soon be a world superpower, rivaling the United States; the word "China" has been used in English since the 16th century. It is not a word used by the Chinese themselves, it has been traced through Portuguese and Persian back to the Sanskrit word Cīna, used in ancient India."China" appears in Richard Eden's 1555 translation of the 1516 journal of the Portuguese explorer Duarte Barbosa. Barbosa's usage was derived from Persian Chīn, in turn derived from Sanskrit Cīna.
Cīna was first used including the Mahābhārata and the Laws of Manu. In 1655, Martino Martini suggested that the word China is derived from the name of the Qin dynasty. Although this derivation is still given in various sources, it is complicated by the fact that the Sanskrit word appears in pre-Qin literature; the word may have referred to a state such as Yelang. The meaning transferred to China as a whole; the origin of the Sanskrit word is still a matter of debate, according to the Oxford English Dictionary. The official name of the modern state is the "People's Republic of China"; the shorter form is "China" Zhōngguó, from zhōng and guó, a term which developed under the Western Zhou dynasty in reference to its royal demesne. It was applied to the area around Luoyi during the Eastern Zhou and to China's Central Plain before being used as an occasional synonym for the state under the Qing, it was used as a cultural concept to distinguish the Huaxia people from perceived "barbarians". The name Zhongguo is translated as "Middle Kingdom" in English.
Archaeological evidence suggests that early hominids inhabited China between 2.24 million and 250,000 years ago. The hominid fossils of Peking Man, a Homo erectus who used fire, were discovered in a cave at Zhoukoudian near Beijing; the fossilized teeth of Homo sapiens have been discovered in Fuyan Cave in Hunan. Chinese proto-writing existed in Jiahu around 7000 BCE, Damaidi around 6000 BCE, Dadiwan from 5800–5400 BCE, Banpo dating from the 5th millennium BCE; some scholars have suggested. According to Chinese tradition, the first dynasty was the Xia, which emerged around 2100 BCE; the dynasty was considered mythical by historians until scientific excavations found early Bronze Age sites at Erlitou, Henan in 1959. It remains unclear whether these sites are the remains of the Xia dynasty or of another culture from the same period; the succeeding Shang dynasty is the earliest to be confirmed by contemporary records. The Shang ruled the plain of the Yellow River in eastern China from the 17th to the 11th century BCE.
Their oracle bone script
Manufacturing is the production of products for use or sale using labour and machines, tools and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most applied to industrial design, in which raw materials are transformed into finished goods on a large scale; such finished goods may be sold to other manufacturers for the production of other, more complex products, such as aircraft, household appliances, sports equipment or automobiles, or sold to wholesalers, who in turn sell them to retailers, who sell them to end users and consumers. Manufacturing engineering or manufacturing process are the steps through which raw materials are transformed into a final product; the manufacturing process begins with the product design, materials specification from which the product is made. These materials are modified through manufacturing processes to become the required part. Modern manufacturing includes all intermediate processes required in the production and integration of a product's components.
Some industries, such as semiconductor and steel manufacturers use the term fabrication instead. The manufacturing sector is connected with engineering and industrial design. Examples of major manufacturers in North America include General Motors Corporation, General Electric, Procter & Gamble, General Dynamics, Boeing and Precision Castparts. Examples in Europe include Volkswagen Siemens, FCA and Michelin. Examples in Asia include Toyota, Panasonic, LG, Samsung and Tata Motors. In its earliest form, manufacturing was carried out by a single skilled artisan with assistants. Training was by apprenticeship. In much of the pre-industrial world, the guild system protected the privileges and trade secrets of urban artisans. Before the Industrial Revolution, most manufacturing occurred in rural areas, where household-based manufacturing served as a supplemental subsistence strategy to agriculture. Entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system.
Toll manufacturing is an arrangement whereby a first firm with specialized equipment processes raw materials or semi-finished goods for a second firm. Manufacturing Engineering Agile manufacturing American system of manufacturing British factory system of manufacturing Craft or guild system Fabrication Flexible manufacturing Just-in-time manufacturing Lean manufacturing Mass customization – 3D printing, design-your-own web sites for sneakers, fast fashion Mass production Ownership Packaging and labeling Prefabrication Putting-out system Rapid manufacturing Reconfigurable manufacturing system Soviet collectivism in manufacturing History of numerical control Emerging technologies have provided some new growth in advanced manufacturing employment opportunities in the Manufacturing Belt in the United States. Manufacturing provides important material support for national infrastructure and for national defense. On the other hand, most manufacturing may involve significant environmental costs; the clean-up costs of hazardous waste, for example, may outweigh the benefits of a product that creates it.
Hazardous materials may expose workers to health risks. These costs are now well known and there is effort to address them by improving efficiency, reducing waste, using industrial symbiosis, eliminating harmful chemicals; the negative costs of manufacturing can be addressed legally. Developed countries regulate manufacturing activity with environmental laws. Across the globe, manufacturers can be subject to regulations and pollution taxes to offset the environmental costs of manufacturing activities. Labor unions and craft guilds have played a historic role in the negotiation of worker rights and wages. Environment laws and labor protections that are available in developed nations may not be available in the third world. Tort law and product liability impose additional costs on manufacturing; these are significant dynamics in the ongoing process, occurring over the last few decades, of manufacture-based industries relocating operations to "developing-world" economies where the costs of production are lower than in "developed-world" economies.
Manufacturing has unique health and safety challenges and has been recognized by the National Institute for Occupational Safety and Health as a priority industry sector in the National Occupational Research Agenda to identify and provide intervention strategies regarding occupational health and safety issues. Surveys and analyses of trends and issues in manufacturing and investment around the world focus on such things as: The nature and sources of the considerable variations that occur cross-nationally in levels of manufacturing and wider industrial-economic growth. In addition to general overviews, researchers have examined the features and factors affecting particular key aspects of manufacturing development, they have compared production and investment in a range of Western and non-Western countries and presented case studies of growth and performance in important individual industries and market-economic sectors. On June 26, 2009, Jeff Immelt, the CEO of General Electric, called for the United States to increase its manufacturing base employment to 20% of the workforce, commenting that the U.
S. has outsourced too much in some areas and can no longer rely on the financial sector and consumer spending to drive demand. Further, while U. S. manufacturing performs well compared to the rest of the U. S. economy, research shows that it performs poorly compared to manufacturing in other high-wage countries. A total of 3.2 million – one in six U. S. manuf
Gold is a chemical element with symbol Au and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright reddish yellow, soft and ductile metal. Chemically, gold is a group 11 element, it is solid under standard conditions. Gold occurs in free elemental form, as nuggets or grains, in rocks, in veins, in alluvial deposits, it occurs in a solid solution series with the native element silver and naturally alloyed with copper and palladium. Less it occurs in minerals as gold compounds with tellurium. Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of nitric acid and hydrochloric acid, which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic objects, giving rise to the term acid test. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating.
Gold dissolves in mercury, forming amalgam alloys. A rare element, gold is a precious metal, used for coinage and other arts throughout recorded history. In the past, a gold standard was implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, the world gold standard was abandoned for a fiat currency system after 1971. A total of 186,700 tonnes of gold exists above ground, as of 2015; the world consumption of new gold produced is about 50% in jewelry, 40% in investments, 10% in industry. Gold's high malleability, resistance to corrosion and most other chemical reactions, conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices. Gold is used in infrared shielding, colored-glass production, gold leafing, tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine; as of 2017, the world's largest gold producer by far was China with 440 tonnes per year.
Gold is the most malleable of all metals. It can be drawn into a monoatomic wire, stretched about twice before it breaks; such nanowires distort via formation and migration of dislocations and crystal twins without noticeable hardening. A single gram of gold can be beaten into a sheet of 1 square meter, an avoirdupois ounce into 300 square feet. Gold leaf can be beaten thin enough to become semi-transparent; the transmitted light appears greenish blue, because gold reflects yellow and red. Such semi-transparent sheets strongly reflect infrared light, making them useful as infrared shields in visors of heat-resistant suits, in sun-visors for spacesuits. Gold is a good conductor of electricity. Gold has a density of 19.3 g/cm3 identical to that of tungsten at 19.25 g/cm3. By comparison, the density of lead is 11.34 g/cm3, that of the densest element, osmium, is 22.588±0.015 g/cm3. Whereas most metals are gray or silvery white, gold is reddish-yellow; this color is determined by the frequency of plasma oscillations among the metal's valence electrons, in the ultraviolet range for most metals but in the visible range for gold due to relativistic effects affecting the orbitals around gold atoms.
Similar effects impart a golden hue to metallic caesium. Common colored gold alloys include the distinctive eighteen-karat rose gold created by the addition of copper. Alloys containing palladium or nickel are important in commercial jewelry as these produce white gold alloys. Fourteen-karat gold-copper alloy is nearly identical in color to certain bronze alloys, both may be used to produce police and other badges. White gold alloys can be made with nickel. Fourteen- and eighteen-karat gold alloys with silver alone appear greenish-yellow and are referred to as green gold. Blue gold can be made by alloying with iron, purple gold can be made by alloying with aluminium. Less addition of manganese, aluminium and other elements can produce more unusual colors of gold for various applications. Colloidal gold, used by electron-microscopists, is red. Gold has only one stable isotope, 197Au, its only occurring isotope, so gold is both a mononuclidic and monoisotopic element. Thirty-six radioisotopes have been synthesized, ranging in atomic mass from 169 to 205.
The most stable of these is 195Au with a half-life of 186.1 days. The least stable is 171Au. Most of gold's radioisotopes with atomic masses below 197 decay by some combination of proton emission, α decay, β+ decay; the exceptions are 195Au, which decays by electron capture, 196Au, which decays most by electron capture with a minor β− decay path. All of gold's radioisotopes with atomic masses above 197 decay by β− decay. At least 32 nuclear isomers have been characterized, ranging in atomic mass from 170 to 200. Within that range, only 178Au, 180Au, 181Au, 182Au, 188Au do not have isomers. Gold's most stable isomer is 198m2Au with a half-life of 2.27 days. Gold's least stable isomer is 177m2Au with a half-life of only 7 ns. 184m1Au has three decay paths: β+ decay, isomeric
Cobalt is a chemical element with symbol Co and atomic number 27. Like nickel, cobalt is found in the Earth's crust only in chemically combined form, save for small deposits found in alloys of natural meteoric iron; the free element, produced by reductive smelting, is a hard, silver-gray metal. Cobalt-based blue pigments have been used since ancient times for jewelry and paints, to impart a distinctive blue tint to glass, but the color was thought by alchemists to be due to the known metal bismuth. Miners had long used the name kobold ore for some of the blue-pigment producing minerals. In 1735, such ores were found to be reducible to a new metal, this was named for the kobold. Today, some cobalt is produced from one of a number of metallic-lustered ores, such as for example cobaltite; the element is however more produced as a by-product of copper and nickel mining. The copper belt in the Democratic Republic of the Congo and Zambia yields most of the global cobalt production; the DRC alone accounted for more than 50% of world production in 2016, according to Natural Resources Canada.
Cobalt is used in the manufacture of magnetic, wear-resistant and high-strength alloys. The compounds cobalt silicate and cobalt aluminate give a distinctive deep blue color to glass, inks and varnishes. Cobalt occurs as only one stable isotope, cobalt-59. Cobalt-60 is a commercially important radioisotope, used as a radioactive tracer and for the production of high energy gamma rays. Cobalt is the active center of a group of coenzymes called cobalamins. Vitamin B12, the best-known example of the type, is an essential vitamin for all animals. Cobalt in inorganic form is a micronutrient for bacteria and fungi. Cobalt is a ferromagnetic metal with a specific gravity of 8.9. The Curie temperature is 1,115 °C and the magnetic moment is 1.6–1.7 Bohr magnetons per atom. Cobalt has a relative permeability two-thirds. Metallic cobalt occurs as two crystallographic structures: fcc; the ideal transition temperature between the hcp and fcc structures is 450 °C, but in practice the energy difference between them is so small that random intergrowth of the two is common.
Cobalt is a weakly reducing metal, protected from oxidation by a passivating oxide film. It is attacked by halogens and sulfur. Heating in oxygen produces Co3O4 which loses oxygen at 900 °C to give the monoxide CoO; the metal reacts with fluorine at 520 K to give CoF3. It does not react with hydrogen gas or nitrogen gas when heated, but it does react with boron, phosphorus and sulfur. At ordinary temperatures, it reacts with mineral acids, slowly with moist, but not with dry, air. Common oxidation states of cobalt include +2 and +3, although compounds with oxidation states ranging from −3 to +5 are known. A common oxidation state for simple compounds is +2; these salts form the pink-colored metal aquo complex 2+ in water. Addition of chloride gives the intensely blue 2−. In a borax bead flame test, cobalt shows deep blue in both reducing flames. Several oxides of cobalt are known. Green cobalt oxide has rocksalt structure, it is oxidized with water and oxygen to brown cobalt hydroxide. At temperatures of 600 -- 700 °C, CoO oxidizes to the blue cobalt oxide.
Black cobalt oxide is known. Cobalt oxides are antiferromagnetic at low temperature: CoO and Co3O4, analogous to magnetite, with a mixture of +2 and +3 oxidation states; the principal chalcogenides of cobalt include the black cobalt sulfides, CoS2, which adopts a pyrite-like structure, cobalt sulfide. Four dihalides of cobalt are known: cobalt fluoride, cobalt chloride, cobalt bromide, cobalt iodide; these halides exist in hydrated forms. Whereas the anhydrous dichloride is blue, the hydrate is red; the reduction potential for the reaction Co3+ + e− → Co2+ is +1.92 V, beyond that for chlorine to chloride, +1.36 V. Consequently and chloride would result in the cobalt being reduced to cobalt; because the reduction potential for fluorine to fluoride is so high, +2.87 V, cobalt fluoride is one of the few simple stable cobalt compounds. Cobalt fluoride, used in some fluorination reactions, reacts vigorously with water; as for all metals, molecular compounds and polyatomic ions of cobalt are classified as coordination complexes, that is, molecules or ions that contain cobalt linked to several ligands.
The principles of electronegativity and hardness–softness of a series of ligands can be used to explain the usual oxidation state of cobalt. For example, Co+3 complexes tend to have ammine ligands; because phosphorus is softer than nitrogen, phosphine ligands tend to feature the softer Co2+ and Co+, an example being triscobalt chloride. The more electronegative oxide and fluoride can stabilize Co4+ and Co5+ derivatives, e.g. caesium hexafluorocobaltate and potassium percobaltate. Alfred Werner, a Nobel-prize winning pioneer in coordination chemistry, worked with compounds of empirical formula 3+. One of the isomers
Brazil the Federative Republic of Brazil, is the largest country in both South America and Latin America. At 8.5 million square kilometers and with over 208 million people, Brazil is the world's fifth-largest country by area and the fifth most populous. Its capital is Brasília, its most populated city is São Paulo; the federation is composed of the union of the 26 states, the Federal District, the 5,570 municipalities. It is the largest country to have Portuguese as an official language and the only one in the Americas. Bounded by the Atlantic Ocean on the east, Brazil has a coastline of 7,491 kilometers, it borders all other South American countries except Ecuador and Chile and covers 47.3% of the continent's land area. Its Amazon River basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, extensive natural resources spanning numerous protected habitats; this unique environmental heritage makes Brazil one of 17 megadiverse countries, is the subject of significant global interest and debate regarding deforestation and environmental protection.
Brazil was inhabited by numerous tribal nations prior to the landing in 1500 of explorer Pedro Álvares Cabral, who claimed the area for the Portuguese Empire. Brazil remained a Portuguese colony until 1808, when the capital of the empire was transferred from Lisbon to Rio de Janeiro. In 1815, the colony was elevated to the rank of kingdom upon the formation of the United Kingdom of Portugal and the Algarves. Independence was achieved in 1822 with the creation of the Empire of Brazil, a unitary state governed under a constitutional monarchy and a parliamentary system; the ratification of the first constitution in 1824 led to the formation of a bicameral legislature, now called the National Congress. The country became a presidential republic in 1889 following a military coup d'état. An authoritarian military junta came to power in 1964 and ruled until 1985, after which civilian governance resumed. Brazil's current constitution, formulated in 1988, defines it as a democratic federal republic. Due to its rich culture and history, the country ranks thirteenth in the world by number of UNESCO World Heritage Sites.
Brazil is considered an advanced emerging economy. It has the ninth largest GDP in the world by nominal, eight and PPP measures, it is one of the world's major breadbaskets, being the largest producer of coffee for the last 150 years. It is classified as an upper-middle income economy by the World Bank and a newly industrialized country, with the largest share of global wealth in Latin America. Brazil is a regional power and sometimes considered a great or a middle power in international affairs. On account of its international recognition and influence, the country is subsequently classified as an emerging power and a potential superpower by several analysts. Brazil is a founding member of the United Nations, the G20, BRICS, Union of South American Nations, Organization of American States, Organization of Ibero-American States and the Community of Portuguese Language Countries, it is that the word "Brazil" comes from the Portuguese word for brazilwood, a tree that once grew plentifully along the Brazilian coast.
In Portuguese, brazilwood is called pau-brasil, with the word brasil given the etymology "red like an ember", formed from brasa and the suffix -il. As brazilwood produces a deep red dye, it was valued by the European textile industry and was the earliest commercially exploited product from Brazil. Throughout the 16th century, massive amounts of brazilwood were harvested by indigenous peoples along the Brazilian coast, who sold the timber to European traders in return for assorted European consumer goods; the official Portuguese name of the land, in original Portuguese records, was the "Land of the Holy Cross", but European sailors and merchants called it the "Land of Brazil" because of the brazilwood trade. The popular appellation eclipsed and supplanted the official Portuguese name; some early sailors called it the "Land of Parrots". In the Guarani language, an official language of Paraguay, Brazil is called "Pindorama"; this was the name the indigenous population gave to the region, meaning "land of the palm trees".
Some of the earliest human remains found in the Americas, Luzia Woman, were found in the area of Pedro Leopoldo, Minas Gerais and provide evidence of human habitation going back at least 11,000 years. The earliest pottery found in the Western Hemisphere was excavated in the Amazon basin of Brazil and radiocarbon dated to 8,000 years ago; the pottery was found near Santarém and provides evidence that the tropical forest region supported a complex prehistoric culture. The Marajoara culture flourished on Marajó in the Amazon delta from 800 CE to 1400 CE, developing sophisticated pottery, social stratification, large populations, mound building, complex social formations such as chiefdoms. Around the time of the Portuguese arrival, the territory of current day Brazil had an estimated indigenous population of 7 million people semi-nomadic who subsisted on hunting, fishing and migrant agriculture; the indigenous population of Brazil comprised several large indigenous ethnic groups. The Tupí people were subdivided into the Tupiniquins and Tupinambás, there were many subdivisions of the other gro