Word: brazil
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Dates: during 1950-1959
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...storage tanks, in 1956 into specialized truck bodies-dump trucks, asphalt spreaders, tank trailers. "Business has increased 300% to 400% every year since I started," says Millionaire Sanson. Along with 39,892 other businesses (quadrupled since 1946), San-son's enterprise is riding a boom that has kited Brazil's gross national product up 63% in the past ten years, has boosted the per capita G.N.P. 29%-allowing for a population explosion from...
...vaulted 365% since 1948, 27% in the past two years. More than 120 billion cruzeiros, each worth four-fifths of a cent at the free-exchange rate, are bursting pocketbooks (v. only 20.5 billion, each worth 5.4?, ten years ago). From a $248 million foreign-trade gain in 1956, Brazil plummeted into a $97 million loss in 1957, a $166 million loss in 1958. Loan interest, loan repayments and massive installments on long-term debts this year will take a $338 million bite out of foreign exchange. Budget deficits were $214 million last year, $230 million the year before...
Nothing to Lose. Some Brazilians like to think that Brazil has stumbled onto some miracle of economic alchemy. "It is like the bumblebee," says Publisher Manuel de Vasconcelos. "According to the laws of aerodynamics, the bumblebee cannot fly. But the bumblebee ignores the law, and flies anyway." Deliberately, President Juscelino Kubitschek ignores usual standards of fiscal stability and gambles instead on a revolution of development. "Fifty years of progress in five," he promises...
...Brazil had little to lose in the try. Roughly equal in size to the U.S., it was still a poor, nonindustrial, coffee-based country after World War II. Now Brazil has a spreading highway net, modernized railroads, more than $1 billion worth of new power dams, improved port facilities, even a $100 million new capital in the interior-Brasilia-that focuses the nation's eyes on the untapped west. Along with this public investment, a private industrial giant has grown up at the lively pace of the sambas that are played in some factories to keep production hopping. Samples...
...Auto production went from zero in 1955 to 66,316 vehicles last year, is shooting for 110,000.this year and 274,000 by 1961-90% made-in-Brazil by weight and 95% by value...