History of Brazil
.. Real GDP in 1991 is likely to be less than it was in 1986. Real GDP per person may be as much as 10% less - nearly as low as it was back in 1978. It is likelier than not that the economy will shrink again in 1993. If so, that will make for the third straight year of economic contraction, and the fourth year in five of a shrinkage in industrial output" (65).

Strikes are now as bad as they were in Great Britain before Margaret Thatcher's election in 1939. Crime is at least as bad as in the big American cities; poverty is a lot worse. Corruption is rampant.

Here then is a picture of Brazil today, and it is a rather faithful reflection of a vast country in the throes of growing from pre-industrial to industrial eras. There is, however, another facet to and other voices in Brazil today and Brazil always.

The Latin American Index of January 30, 1992, titles its article "Brazil Chalks Up an Unexpected Good Year" (6). Economic growth in 1991 compared to 1990 showed an unexpected burst. GNP had been expected to decline 4.3%, but 1991 showed a modest growth of 1% over the previous year. This may have been due to a surge in industrial activity in the last trimester of 1991, and to a booming informational sector. The stock market reflected optimism: according to the World Bank, it took first place over Argentina and Columbia. There was a growing conf

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    Brazil Plan | Business International | Latin America's | Spo Paulo | Central Bank | Gazeta Mercantil | Weekly Report | John Kennedy | Report WR-91-45 | Roman Catholic | latin america | weekly report | america weekly report | america weekly | latin america weekly | street children | latin american | central bank | brazil plan | march 1992 | february 1992 | business america | collor de mello | business latin america | fernando collor de |  
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