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Tuesday, June 17, 2014

Other Views: Brazil's economy needs work

Brazil is favored to win this year’s World Cup. Yet the cost of hosting the games, along with some expensive promises made by a president seeking re-election, may turn any athletic triumph into a Pyrrhic victory.

Brazil’s economy is sputtering. Seventy-two percent of Brazilians don’t like how things are going in their country — which comes as little surprise after more than a million of them took to the streets last year to protest price hikes, poor services and the billions the government was throwing at arenas and airports. ...

Brazil must improve productivity if it wants to grow faster. And that will take policies to promote economic competition.

lubbockonline.com

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