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The Nerd Who Saved Brazil.(Arminio Fraga Neto)(Statistical Data Included)

Newsweek International

| September 03, 2001 | Margolis, Mac | COPYRIGHT 2001 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

No one ever said life in the emerging markets was easy, but these days have been especially bruising for Brazil. To the south, Argentina, a major trade partner, is deep in recession and teetering on the edge of default. To the north, the United States, the world's best customer, is straining. A severe energy crisis has darkened Brazilian shops and factories, sent workers home and flattened gross domestic product. Then there's a noisy corruption scandal in Brasilia that has paralyzed politics, and a surge in popularity for the left-wing opposition, which is leading the polls for next year's presidential elections. Faster than it takes to say submerging markets, investors ...

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Source: HighBeam Research, The Nerd Who Saved Brazil.(Arminio Fraga Neto)(Statistical Data...

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