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Brazil has a fundamental mistrust of the free-market that holds it back. It's tough doing business in Brazil.
by macspoofing 11y ago
Brazil 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.