Brazil’s “competitiveness cliff” and commodities dependency exposed in World Bank report

Tuesday, March 5th 2013 - 05:18 UTC

Full article 2 comments

Brazil is not only the biggest country in Latinamerica but also has the largest economy and expects to play a leading role in the global economy in the near future, however a report from the World Bank is not so enthusiastic and points out to a series of challenges the country must address if it wishes to effectively become a super star. Read full article

Comments

Disclaimer & comment rules

ChrisR
I am afraid to say that this report highlights the lack of financial acumen at the highest levels in the government of Brasil.

Dilma should consider the role Mantega has played in this travesty and replace him immediately with someone who understands what the role of a Minister of Finance is.

This man does not understand that only stable conditions and transparency in government figures will encourage international investors. Downright lies about growth rates do the opposite. I seriously doubt whether Mantega has ever heard the term ‘depleted cash flow analysis’ as it relates to investments.

Dilma CANNOT do it all herself and perhaps this apparent reluctance to take action in the finance department underlines her own weakness in understanding financial management.

Contrast that with the excellent choice of the head of Petrobras that she announced last year. If you can do it there Madame President, you can surely do it with the Minister of Finance. Whatever choice you make cannot be worse than Mantega.
Mar 05th, 2013 - 06:15 pm - Link - Report abuse 0
-+
GeoffWard2
The key to becoming an integral part of the world economy is for Brasil to win EU or US trade integration.
Argentina has focussed its energies on holding back Brasil and blocking any progress that Brasil could make through Mercosur.

Brasil must 'play the world', not pander to the crazies running the 'Bolivarian' countries in South America.

Dilma, create the vision and MAKE THINGS HAPPEN!
Mar 05th, 2013 - 08:39 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!