March 30, 2015
Brazil is the world’s seventh-largest economy, a leading commodity exporter and home to one of the Western Hemisphere’s biggest aspiring middle classes. Since the 1980s, Brazil has also been a flagship democracy among Emerging Market countries, with competitive elections, a vibrant press and at times a contentious public discourse. For all of the confidence that marked Brazil over the last several years, Latin America’s largest economy is now struggling, the political system shaken by a major scandal at the state-owned oil company,Petrobras, while a malaise appears to have settled over the economy and society. Brazil is adrift.
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