Brazil is Back in Business
After years of policy shaped by neo-liberalism and globalization, benefitting some with reductions in poverty as well as improved access to trade and healthcare, many others have been left behind by global market capitalism and rising inequality. This has made way for an entirely new socioeconomic system, one that relies on pragmatism to prioritize the needs of the local majority over the elite few and address global economic stagnation. The ongoing recovery in Brazil is a prime example.
Brazilian President Michel Temer is determined to restore his country’s star status on the global economic stage, pushing forward with his significant fiscal reform programs that made the Ibovespa and the Real some of the strongest market performers around the world last year.…