Belindia has spoken by Andrés Velasco published by Project Sindicate (10/2014). “This is a tall order, especially for Brazil. The structural deficiencies of its economy have long been understood, but little has been done to correct them. Brazil has South America’s biggest government (with a tax take exceeding one-third of GDP), yet the authorities save and invest too little, which creates both micro and macroeconomic problems.”
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