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Re: Brazil




From: ALI KADRI <akadri_00@xxxxxxxxx>
Reply-To: pen-l@xxxxxxxxxxxxxxxxxxx
To: pen-l@xxxxxxxxxxxxxxxxxxx
Subject: [PEN-L:21378] Re: Argentina--how the asset stripping took off
Date: Mon, 14 Jan 2002 23:20:46 -0800 (PST)

Isn't Brazil in a much worse position, macro
accounting and socially. Th exposure is such that none
the measures taken now in argentina can be implemented
in Brazil. it is also possible that much more would
have to stripped to bring half the population to live
at below one dollar a day as is the case in Brazil.


A good question.  My impression is that Brazil has had serious problems for
some time- nasty environmental destruction, violent crime, awful
distribution of wealth, corruption, extremely high interest rates, appalling
poverty and of course a massive debt.  In addition, governability should be
much lower than Argentina since the population's average educational
attainment (AFAIK) is lower and the population is much larger.
Nevertheless, we hear little about it in the American press despite its
regional importance.  The following site is an english news analysis for the
interested: http://www.infobrazil.com/

I'd certainly be interested in knowing more from anyone familiar with the
Brazilian situation.

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