Apparently, I’m not the only one who is unconvinced by a recent spate of articles characterizing Brazil’s economic future as one of certain decline. As I said earlier, decline is a not-unrealistic possibility, but these articles predicting doom are overly simplistic and overly dependent upon a lot of “maybes,” “coulds,” and “mights.” As Shannon rightly sums up:
In the end, today’s hype about Brazil may not in fact be justified. The nation faces many difficult problems—among them education, infrastructure, complex bureaucracies, and expensive regulations. But its successes and failures will be a part of a more complicated and broad based interplay, rather than a just a commodity slowdown.