by Silvio Ramirez Brazil is South America’s largest economy, the seventh largest economy in the world, and was considered, for many years, as a favorite for investors. For the past decade, Brazil has benefited from a global commodities boom. During President Luiz Inacio Lula da Silva’s two terms in office, Brazil enjoyed rapid economic growth… Read More Brazil Enters a Recession and Officials are Divided Over How to Resolve It
A culture of corruption and a weak judicial system hinder Petrobras probe by Enrique Xavier López In Giant—George Stevens’ 1956 Hollywood blockbuster—oil tycoon Jett Rink, played by 24-year-old James Dean, is a man blinded by greed and corruption. In this classic rise-and-fall story, Rink is able to extend his wealth and influence beyond the oil business,… Read More Despite protests and widespread scrutiny, Brazil continues to face ‘giant’ dilemma
by Cassiano Alves and Leticia Corrêa On June 28th, President Dilma Rousseff landed in the United States for an official visit, leaving behind an economy in imminent recession and a country in political crisis after the corruption scandal involving state-owned oil company Petrobras. Speculation over Mrs. Rousseff’s impeachment resurfaced after a national magazine reported that… Read More Will Dilma Rousseff be able to foster foreign direct investment to save the fiscal package and resume economic growth?
by Eloy Oliveira In the most curious Brazilian election of the last two decades, President Dilma Rousseff will faceoff with the Social Democrat candidate, Senator Aécio Neves, and not Marina Silva, as predicted by many political commentators. To understand the current situation, we must look back four years when Rousseff was first elected president.