|Man in a Desert||
Much has been made of America's "waning" influence in the world. I, however, subscribe to the view best illustrated by Mark Twain when he wrote, " The report of my illness grew out of his illness. The report of my death was an exaggeration."
While China and India have made tremendous strides over the past 2 decades it's a Latin American country that draws my attention and to my mind doesn't receive the coverage that it deserves.
Brasil is well-placed to become a powerhouse in world affairs.
Last week Brasil announced the largest share offer in history: $700 billion dollars' worth of shares in the energy giant Petrobas. The central bank expects $30 billion of foreign investments this year. Gross domestic product is expected to rise by 6.5% this year and over 5.5% in the following years. Unemployment is at a record low of 6.7% and the statistics for people living in poverty show a drop from 12% to 4% between 2003 and 2008.
This rosy picture is tempered by many inadequacies in education and infrastructure. But if Brasil's leaders manage to develop a sound a vision for the future and build upon the achievements of the past decade I see no reason why the country can't take a pre-eminent place among the nations of the world.
From where I am, geographically speaking, I'd look west and keep a close eye trained on Brasilia. And if I had the choice and ability I'd develop very close relations with Latin America's largest country.
I spelled Brazil as Brasil purposefully even though the spellchecker underlined it in red. If Peking is now recognized as Beijing, Calcutta Kolkata, Rangoon Yangoon then Brazil deserves to be Brasil.
A man on a long journey through a perpetual desert.
The opinions expressed in this blog are mine and mine alone. They do not represent the views of any of my employers, past, present or future.