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> in 10-20 years the top 3 markets could be China, India and the US. What about Brazil? (not that they are transparent/credible, but that they ought to have hu
by fnordfnordfnord 11y ago
> in 10-20 years the top 3 markets could be China, India and the US.
What about Brazil? (not that they are transparent/credible, but that they ought to have huge economic growth over the next ~20yr)
- macspoofing 11y agoBrazil has a fundamental mistrust of the free-market that holds it back. It's tough doing business in Brazil.
- fnordfnordfnord 11y agoI've had a little experience with this and I agree. If they can improve here (and what's to say they won't in the next decade), what's left to hold them back?
- rchaud 11y agoWhat specifically about the free market is hold Brazil back? What changes would increase economic output? I understand that import taxes on things like consumer electronics are punitively high, but that's a cross-section of the consumption aspect of GDP. GDP can still be increased through capital investment, fiscal policy and net export growth.
- mastazi 11y ago> It's tough doing business in Brazil. Yes, dysfunctional bureaucracy both in the public and in the private sector (government, banks etc.) makes it really hard to create and manage any business. I tried really hard for a while, but it didn't work out.
- leogiertz 11y agoIt's probably going to be a while before Brazil resumes its trajectory: http://www.economist.com/news/briefing/21684778-former-star-emerging-world-faces-lost-decade-irredeemable http://www.economist.com/news/briefing/21684778-former-star-...
- fnordfnordfnord 11y agoIsn't 10-20 years a while? PS thanks for the linked article.
- jonknee 11y agoIf it resumes in 10-20 years that means it still has a long way to go (not to mention catching up for lost time!).
- outworlder 11y agoBrazilian economy crashed hard last year and it is only getting worse.
- jusben1369 11y agoSadly Brazil is little better than a middle eastern oil state. They rode a massive bull market driven by China's insatiable appetite for commodities. Rather than use that whirlwind to diversify and prepare for the day that slowed down they appear to have done little. It's very sad.
- voltagex_ 11y agoYou could say that Australia's in the same position. We dig up stuff and export it to China. We had a chance to extract some tax from the mining companies but blew it. I don't think things are going to be very nice here in 10 years.
- jusben1369 11y agoCanada too. But Brazil's landing is/will be dramatically worse than Aus/Canada.
- cesarbs 11y agoBrazil is collapsing and there's no light at the end of the tunnel yet.