Although Brazil has the world’s attention, with the FIFA World Cup soccer match and preparations for hosting the 2016 Summer Olympics, the country is in danger of falling behind in the global economy, write Professor Matthew Slaughter of the Tuck School of Business and a co-author in an opinion piece on Project Syndicate.
“Brazil has risen to become the world’s seventh-largest economy, propelled by a commodities boom, a demographic dividend, and rising consumption,” the authors write. “Yet it ranks 95th in per capita GDP. This disparity can be at least partly explained by its 43rd-place ranking for ‘connectedness’ in terms of flows of goods, services, finance, people, and data and communications.”
Read the full opinion piece, published 6/16/14 by Project Syndicate.