“The international community is increasingly waking up to this situation. We are a land of infinite possibilities! We have natural resources in abundance, renewable energy, talented people and a capacity for work.” -Eike Batista, Brazilian billionaire
A popular joke about Brazil of the 70’s and 80s went: “It’s the country of the future, and it always will be.” Today, Brazilians retell the joke as a reminder of those painful days when inflation reached 80 percent monthly and their country was on the brink of disaster.
No longer a perennial sleeping giant, the future has arrived for a growing number of Brazilians. Thanks to soaring commodity prices and good governance, the world’s sixth largest economy is on a path toward prosperity.
Investors and entrepreneurs now see Brazil as the most promising emerging market. The country ranks highest, after China the USA, as the country where 1,258 global chief executives feel is most important for their growth.
But is the exuberance for Brazil well-founded? Do the facts support the upbeat forecasts?









