Showing posts with label lula. Show all posts
Showing posts with label lula. Show all posts

Wednesday, November 17, 2010

Brazil: Economic Turnaround


I grew up in Nepal being told Nepal was second only to Brazil when it came to hydropower potential. But what made news year after year was not yet another hydel power plant that was put up, but monsoon floods and landslides. Potential is one thing. Deed is another. Brazil has had the potential. And this past decade it seems to have put its house in basic order. But there is so much that remains to be done. A 6% growth rate is not 10%. Lifting tens of millions out of abject poverty still leaves tens of millions more to be lifted. Brazil could be but still is not a world power.