1. Brazil: The New Economic Powerhouse
It expanded important parts of its economy by investing in the automobile industry, steel, and petrochemicals. Interestingly, during the Second World War, Brazil's Gross National Product was among the highest in the world – with a 7.4%. After the war was over, investments geared towards what seems to be one of the biggest problems the country faces today: infrastructure. ... Later adding, "which ended long lasting state monopolies and moved into private hands important sectors of the Brazilian economy such as steel, telecommunications, and electricity.... Investments in areas s...
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