Brazil is hot now what?

From: Global Finance | Date: June 1, 2001| Author: | Copyright information

Brazil has earned the respect of economists and the favor of foreign investors by clawing its way out of chronic inflation and repeated backsliding over the past 40 years. Now, with external problems clouding the horizon and the election of a new government next year, another testing point is at hand. Can Brazil keep its act on track?

For more than 40 years Brazil's economy has been "on the verge" of taking off-but repeatedly has been held back by entrenched inflation, spurts of nationalism, and a weak political system.

Today, though, there is ample evidence that the world's fifth-largest ...

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