1. Brazil Economy
BRAZILIAN ECONOMICS Historically the economy in Brazil has not been strong. ... Cardoso needed to find a way to keep foreign investors in the country, attract new private enterprises, and develop policies that would attract new foreign firms, while still being beneficial to the country's economics. ... Banking and financial systems were on the brink of collapse, and stock markets in Asia plummeted. ... This put a strain on financial markets, and the banking sector began to feel the debt created by outflow of capital. ... Foreign companies do not want to take the risk of investing i...
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