Lessons from Brazil
Why is Brazil's economy bouncing back while other markets stumble?
CHRONICLE SPECIAL
Knowledge@Wharton
"Of historic importance." That is how Dilma Rousseff, Brazil's chief of staff, described the country's victorious bid in early October to stage the 2016 Olympics in Rio de Janeiro. Rousseff -- a likely candidate in next year's presidential elections -- declared that "Brazil was no longer a country of the future," referring to a popular saying Brazilians use to describe their homeland after decades of missed opportunities despite vast economic potential. Rather, she said, Brazil is now a country "of the present" -- a view shared by many as revelers packed Rio's beaches to celebrate the victory.
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CHRONICLE SPECIAL
Knowledge@Wharton
"Of historic importance." That is how Dilma Rousseff, Brazil's chief of staff, described the country's victorious bid in early October to stage the 2016 Olympics in Rio de Janeiro. Rousseff -- a likely candidate in next year's presidential elections -- declared that "Brazil was no longer a country of the future," referring to a popular saying Brazilians use to describe their homeland after decades of missed opportunities despite vast economic potential. Rather, she said, Brazil is now a country "of the present" -- a view shared by many as revelers packed Rio's beaches to celebrate the victory.
jump here to read the full article here
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