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The chief economist at the World Bank, François Bourguinon, says that "Brazil needs macroeconomic policies in order to free funds for government spending."
He went on to say that Brazil is growing at a very slow pace, less than the average for emerging economies, that this has been going on for a long time, and that the country has not been investing in infrastructure. Yesterday Bourguinon participated in a ceremony for the release of the bank's 2006 Report on World Development. Brazil is cited in the document a number of times as it is one of ten countries with the highest levels of social inequalities. Bourguinon praised the government's Bolsa Família program which presently reaches some 11 million poor families, providing them with up to US$ 44 a month. He said the program was reducing inequalities in the country and recommended expanding it further. The World Bank economist also commented on the Doha Round trade talks, saying the institution was following the negotiations closely and was, in Bourguinon's opinion, on the side of the emerging nations if a trade-off could be achieved between opening markets in poor nations for manufactured goods and eliminating farm subsidies in rich nations. "We hope the talks have positive results for countries such as Brazil," he declared. Agência Brasil
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...than the AVERAGE developing countries !!!!
BRAZIL HAS SIMPLY THE LEAST ECONOMIC GROWTH OF ALL THE DEVELOPING NATIONS. AND THIS IS ON A ONE YERAR OR 3 YEARS BASIS.
AT THE QUEUE OF THE QUEUE...OF THEIR CLASSROOM.
In reality the 3 years average economic growth of Brazil is just slightly higher than....Hati ! YESSSSSS.....SO IT IS.
WORSE : Hati is not even a developing country...but a LDC !!!!
But listen to Lula how he is so proud of his achievements when in fact it is a total failure because of total
mismanagement !!!!!
He wants you to swallow that without him as President, things would have been a disaster, when in fact it has been and is still a disaster with him as President !!!
During the last 3 years it was an economic BOOM for ALL developing countries...except for Brazil.
It is not without good reasons that you have been nicknamed a BOOM and BUST economy.
This time, with Lula at the helm, you did not BOOM but no doubt you will lead all developing nations in the BUST...that already started with a slowdown.
Quite unfortunate that Brazil society and electors dont wake up....because it really looks like you will vote for Lula....once more !
By doing so, you will penalize your own future...as you already did so many times in the past...and then accusing other nations for the responsibility of your own decisions and failures !