This page deals with economics and business issues,concerning Latin America, and the global economy.-
Wednesday, October 31, 2018
Brazil: Alternative path
It has been quite remarkable the way Brazil  and its people is trying to overcome the  deep crisis which  it got  involved in  because of failure of their political leaders to avoid corruption.The trade off between state assistance pollcies  to the poor,in exchange  for a free ride  with corruption did not work. The magnitude of the crisis was so strong, that any parameter of evaluation about political  framework  was distorted.What  may be considered normal in a normal country, such as to fight violence on the street  with tough measures, became a kind of an extreme approach out of proportion given the magnitude of violence in  key cities of Brazil .
The same apply to the role of the state.It is so often to consider   its the role both necessary and irreplaceable , that   very few realize that it is not normal to have a huge state, and any apporach to reduce its size,seem  an extreme point of view,missing the point that what it counts about the state ,is its ability to be a reliable  service provider, instead of protector of undesirable practices.
Brazil has made its choice, and the expectation is about to be again in the right track , the one which should not had left.-
The discussion  about how much markets , and how less state ,  it is a matter for Brazilinas to solve with their neew leaders.No question that as long as it get closer to what  create  economic growth, wealth and better employment, will allow to become the engine latin america needs to pursue  the transtion  from being a raw material provider, to a  good quality services supplier.
The size of its market means opportunities for new business  ventures, its  expected economic  policies will  give a support to  economic integration  and the engagement in better  trade deals .-
There are  bets about  failure or success in this new stage for Brazil.Nobody may  foresee the future using a crystal ball, but one  thing is for sure Brazilians want to be again on the path of becoming a reliable partner , instead of being a permanent promise.-
