Sao Paulo-industry and trade plays a major role in the Brazilian economy. The Brazilian capital city is regarded as one of the richest metropolises of the world.
Sao Paulo-industry and trade is focused on services. The city caters to the South American region in terms of providing resources to knowledge based industries. Sao Paulo is home to a number of international banking conglomerates and Consultancies. The health care industry in Sao Paulo attracts patients from all over the Latin American region. The city has a number of world class restaurants. This food industry is the product of the booming tourism business in the region.
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The services industry is the cornerstone of the Sao Paulo urban economy. Employment is generated by jobs available in tourism, insurance, retail, social services, and education among others. The local government is also a major employer. The Sao Paulo economy is dependent upon its abundance of personnel skilled in information processing and application, service, experiences, and productive partnerships. The high salaries enjoyed by the Sao Paulo urban population have resulted in the growth of urban infrastructure. The growth in infrastructure has further catalyzed the development of manufacturing industries like cement and steel in the city hinterlands.
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