Word: brazile
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Dates: during 2000-2009
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Although Latin America attracts nowhere near the foreign direct investment (FDI) that Asia or even Eastern Europe does, competitiveness is on the rise among South America's ABC countries--Argentina, Brazil and Chile. Like most other Latin countries, the ABCs were pulled on the economic torture rack during the 20th century between socially negligent capitalism and fiscally profligate populism. But today they lead a potent common market, Mercosur. (Chile is an associate member.) And while each has a leftist President--Chile's Michelle Bachelet is also a socialist--the ABCs are spelling a model, "pragmatic socialism," says Jerry Haar...
...comparison, Brazil's competitive outlook is often described as a day in the Ipanema sun. Lula--who has adhered so faithfully to orthodox fiscal policies that he has alienated his own leftist party--recently boasted that Brazil's $1 trillion economy, the world's 10th largest, "is going through an auspicious moment...
...Though Brazil expects 5% economic growth this year, many are asking whether it's because of Lula or despite his failure to tackle an array of problems. Aside from Brazil's reputation for epic corruption, gaping inequality and baroque bureaucracy--it takes 152 days to start a business there, according to a KPMG consulting study, compared with 32 in Argentina--there are more pressing issues of an overvalued real, high taxation, weak infrastructure and especially pension reform. Incredibly, Brazilian pensioners receive more money as a share of GDP than the rest of the population of 188 million, sucking investment from...
...file from Africa on the disparate development of Mauritius and Angola. In Denmark, Justin Fox analyzes the country's success amid high tax rates. Asia hand Kathleen Kingsbury examines China's push to land R&D labs. Latin America expert Tim Padgett assesses the surprising economic strength of Argentina, Brazil and Chile. And business writer Barbara Kiviat explains the significance of the WEF's country rankings. We are also launching on TIME.com an amazing Global Business section--a hub for up-to-the-minute business news, sorted by country. It features a comparison of WEF country rankings, videos from CEOs...
...countries stack up results from how the WEF weights a nation's scores according to its stage of development. A fundamentals-driven economy like Egypt or Bolivia is judged more on basic requirements such as the reliability of police services and electricity supply; an efficiency-driven economy like Brazil or Latvia is gauged more by measures such as Internet access in schools and strength of investor protection; and an innovation-driven economy like France or South Korea sees more weight put on more sophisticated issues such as company R&D spending and marketing...