Is Brazil Actually Ready to be a World Economic Power?
COL Vance F Stewart III
Issue Paper by the US Army War College, Center for Strategic Leadership
"Brazil, a large and populous country, is blessed with an abundance of natural resources and long-standing ties and traditions to Europe; it is seen as a leader among the nations of the South American continent. Brazil’s ascendancy into the world’s diplomatic and economic leadership circles has been fueled by an amazing ten-year span of economic growth, backed by sound government budgeting and responsible social programs to improve its citizens’ quality of life. It is worth examining though, to ensure that this success has laid a foundation for continued, sustained growth or will it represent a brief moment of glory; with Brazil destined to lapse back into the mediocrity of a developing nation, saddled by crushing poverty, unequal income distribution, crime, and corruption? The question remains, is Brazil actually ready to be a world economic leader? In order to answer the question, this paper will review Brazil’s growth over the past ten years, examine relevant economic indicators, and analyze problem areas that may inhibit or derail future, sustainable progress."