Skip to main content
  • 1411 Accesses

Abstract

Brazil is a true cautionary tale for investors in emerging markets. Brazil has been “emerging” for the past 50 years. I remember clearly going to the Brazilian Pavilion at the 1964 New York World’s Fair (designed by the staunch Stalinist architect Oscar Niemeyer, one of the creators of Brasilia). The pavilion had a diorama in which a sleek, huge, mechanized vehicle sliced down trees and cut vast swaths through the green hell of the Amazonian forest, while at the same time building roads and bringing civilization to one of the last frontiers.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

eBook
USD 19.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 27.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. “Brazil used to be all promise. Now it is beginning to deliver,” The Economist, www.economist.com/node/14829485, November 12, 2009.

  2. Chen Jia, “Country’s wealth divide past warning level,” China Daily, www.chinadaily.com.cn/china/2010-05/12/content_9837073.htm, December 5, 2010.

  3. Michael Pettis, “Some Predictions For The Rest Of The Decade,” Seeking Alpha, http://seekingalpha.com/article/290446-some-predictions-for-the-rest-of-thedecade?source=email_authors_alerts, August 29, 2011.

  4. Sewell Chan, “Bankers Told Recovery May Be Slow,” The New York Times, www.nytimes.com/2010/08/29/business/economy/29fed.html August 28, 2010.

  5. Paul Marshall and Amit Rajpal, “Brazil risks tumbling from boom to bust,” Financial Times, July 4, 2011.

    Google Scholar 

  6. Amit Rajpal, “Brazil risks tumbling from boom to bust,” Financial Times, July 4, 2011 Ibid.

    Google Scholar 

  7. Amit Rajpal, “Brazil risks tumbling from boom to bust,” Financial Times, July 4, 2011 Ibid.

    Google Scholar 

  8. Benjamin Kang Lim and Kevin Yao, “China to clean up billions worth of local debt,” Reuters, www.reuters.com/article/2011/05/31/us-china-economy-debt-idUSTRE74U26320110531, May 31 2011.

  9. James Fontanella-Khan, “India banks fear rising bad loans,” Financial Times, www.ft.com, August 23, 2011.

  10. Michael Patterson, “Banks in BRICs Signaling Credit Crisis With Loans Showing Increasing Risks,” Bloomberg, www.bloomberg.com/news/2011-07-31/banks-in-brics-signaling-credit-risksas-bad-loans-curb-growth.html, August 1, 2011.

  11. Ibid.

    Google Scholar 

  12. “Survival of the quickest,” The Economist, www.economist.com/node/14829533, November 12, 2009.

  13. Vincent Bevins, “Working to a different beat,” Financial Times, www.ft.com, December 15, 2010.

  14. “Brazil’s industrial policy: Dealing with the real: The government feels the manufacturers’ pain,” The Economist, www.economist.com/node/21525439, August 6, 2011.

  15. Vincent Bevins, “Working to a different beat,” Financial Times, www.ft.com, December 15, 2010.

  16. “Brazil’s labour laws: Employer, beware, an archaic labour code penalises businesses and workers alike” The Economist, www.economist.com/node/18332906, March 10, 2011.

  17. Ibid.

    Google Scholar 

  18. Vincent Bevins, “Working to a different beat,” Financial Times, www.ft.com, December 15, 2010.

  19. “Brazil’s labour laws: Employer, beware, an archaic labour code penalises businesses and workers alike,” The Economist, www.economist.com/node/18332906, March 10, 2011.

  20. Vincent Bevins, “Working to a different beat,” Financial Times, www.ft.com, December 15, 2010.

  21. “Brazil’s labour laws: Employer, beware, an archaic labour code penalises businesses and workers alike,” The Economist, www.economist.com/node/18332906, March 10, 2011.

  22. “Pensions at a Glance 2011, Retirement-income Systems in OECD and G20 Countries,” www.oecdilibrary.org/docserver/download/fulltext/8111011ec081.pdf?expires=1314907271&id=id&accname=guest&checksum=B9D056C36548235FDD14B7A315F610FA, March 17, 2011.

  23. “Companies are squeezed between an obstructive government and black-market competitors,” The Economist, November 12, 2009.

    Google Scholar 

  24. “When less is more: Brazil’s supreme court,” The Economist, www.economist.com/node/13707663, May 21, 2009.

  25. Ibid.

    Google Scholar 

  26. “Journalist Antonio Pimenta Neves was arrested 11 years,” Correio Braziliense, www.correiobraziliense.com.br/app/noticia/politica-brasil-economia/2011/05/25/internas_polbraeco,253747/jornalista-antonio-pimenta-neves-e-preso-apos-11-anos.shtml, May 25, 2011.

  27. Nelza Oliveira, “Railroads poised to reduce logistical bottlenecks in Brazil,” Infosurhoy.com, www.infosurhoy.com/cocoon/saii/xhtml/en_GB/features/saii/features/economy/2011/02/22/feature-02, February 22, 2011.

  28. “Brazil has learned to love its commodity sector,” The Economist, www.economist.com/node/14829525, November 12, 2009.

  29. Ibid.

    Google Scholar 

  30. “Dilma Rousseff takes over a booming economy—and rising inflation and interest rates, lack of investment in infrastructure and a fiscally incontinent legislature,” The Economist, www.economist.com/node/17797502, December 29, 2010.

  31. “Airports and stadiums are behind schedule,” The Economist, www.economist.com/node/18651344, May 5, 2011.

  32. Nelza Oliveira, “Brazil: Ports operating at their limit,” Infosurhoy.com, www.infosurhoy.com/cocoon/saii/xhtml/en_GB/features/saii/features/main/2011/02/08/feature-03, August 2, 2011.

  33. “Brazil has learned to love its commodity sector,” The Economist, www.economist.com/node/14829525, November 12, 2009.

  34. Kenneth Rapoza, “‘Quant’ Funds Test Brazilian Market,” Wall Street Journal, March 16, 2010.

    Google Scholar 

  35. Valentina Romei and Barney Jopson, “Chart of the week: Bric stock market concentration,” Financial Times, http://blogs.ft.com, January 4, 2011.

    Google Scholar 

  36. Telma Marotto and Paulo Winterstein, “Insider Trading Infects Brazil Stocks as Almost All Deals Leak,” Bloomberg, www.bloomberg.com/apps/news?pid=newsarchive&sid=alLE2VkNibWw, July 10, 2007.

  37. Telma Marotto and Paulo Winterstein, “Insider Trading Infects Brazil Stocks as Almost All Deals Leak,” Bloomberg, July 10, 2007.nr]51_“Petrobras Sidebar: Transparency Drives IR,” NYSE Magazine, www.nysemagazine.com/petrobrastransparency.

    Google Scholar 

  38. “Alternative investments in Brazil, The buys from Brazil: This year’s hot market for privateequity firms and hedge-fund managers,” The Economist, www.economist.com/node/18178275, February 17, 2011.

  39. Joe Leahy and Samantha Pearson, “Housing boom raises fears of Brazil bubble,” Financial Times, www.ft.com, May 17 2011.

  40. “Rio or São Paulo? For the first time in decades, Brazil’s Marvelous City looks attractive for business,” The Economist, www.economist.com/node/21528267, September 3, 2011.

  41. Joe Leahy and Samantha Pearson, “Housing boom raises fears of Brazil bubble,” Financial Times, May 17, 2011.

    Google Scholar 

  42. Michael Pettis, “Some Predictions For The Rest Of The Decade,” Seeking Alpha, http://seekingalpha.com/article/290446-some-predictions-for-the-rest-of-thedecade?source=email_authors_alerts, August 29, 2011.

Download references

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2011 William Gamble

About this chapter

Cite this chapter

Gamble, W.B. (2011). Brazil. In: Investing in Emerging Markets. Apress. https://doi.org/10.1007/978-1-4302-3826-3_6

Download citation

Publish with us

Policies and ethics