Curse or Blessing?
Brazil has been a natural resource treasure since its beginning. European settlers to South America found its northeastern territory abundant with trees, called brasilwood, that yielded a vibrant red dye. The area became known as "terra de brasil," which later gave the country its name.
Natural riches have since propelled this nation of 200 million people to the top tiers of global markets. Brazil's economy has ascended the ranks of the world's largest, from 16th in 1980 to 6th today. How the country manages its vast reserves will determine whether these resources are an economic blessing, or a curse, Bloomberg's Matthew Bristow and Juan Pablo Spinetto write in this Special Report.
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Natural riches have since propelled this nation of 200 million people to the top tiers of global markets. Brazil's economy has ascended the ranks of the world's largest, from 16th in 1980 to 6th today. How the country manages its vast reserves will determine whether these resources are an economic blessing, or a curse, Bloomberg's Matthew Bristow and Juan Pablo Spinetto write in this Special Report.
Slide Show
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