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In the late 1990’s economic crisis were being felt around the world, and the fear of the international marketplace was that if Brazil’s economy collapsed, those in many Latin American countries would be next. The following is an analysis of Brazil’s past and present economic situation, as well as the bold attempt by President Fernando Henrique Cardoso to keep Brazil’s economy prosperous.
Settled by the Portuguese in the early 1500’s, there is a distinct difference between the northern and southern regions of Brazil. The south has been primarily settled by Europeans, and has become much more industrialized than the north...
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