The Economist has a piece on BNDES, advocating greater transparency, and noting the influence of the organization. EIKE BATISTA, Brazil’s richest man, calls BNDES, the country’s state-owned development bank, “the best bank in the world”. But a former BNDES chairman, Luiz Carlos Mendonça de Barros, says it is a serpent’s egg—a reference to a filmContinue reading “BNDES needs greater transparency?”
Category Archives: Economy
A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality
Luxury items? Doing fine thank you. A recent survey by consulting firm PonteEstratégia revealed that middle class Brazilians(earning R$1,500-R$5,000 per month) spend 30% to 60% of their income on luxury items. On the same note, GFK institute and MCF consultancy announced that the luxury market in Brazil will grow more than the economy as a whole; 23%Continue reading “A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality”
Brazil in The Economist: BRICs v Facebook; Real 31% overvalued per Big Mac Index; Samba Hackers
The Economist writes about Facebook going over 500 million users, comparing the social network to states like Brazil, India, China and the United States. Viewed this way, Brazil is still bigger than Twitter, but smaller than Facebook or Myspace. But, why would one really view it this way? Still it may provide food for thoughtContinue reading “Brazil in The Economist: BRICs v Facebook; Real 31% overvalued per Big Mac Index; Samba Hackers”
Brazilian Diplomacy through Currency
Brazil uses an abundance of currency for diplomatic leverage. Read the full article, here. Brazil’s foreign-aid programme Speak softly and carry a blank cheque In search of soft power, Brazil is turning itself into one of the world’s biggest aid donors. But is it going too far, too fast? Jul 15th 2010 | BRASILIA ONEContinue reading “Brazilian Diplomacy through Currency”
U.S. Venture Capital Industry Expected To Shrink While Emerging Markets Grow
This is directly relevant to the article that Hildete Vodopives posted earlier on this blog on the topic of technology investment in Brazil. Link to article on influential tech blog, techcrunch Study: U.S. Venture Capital Industry Expected To Shrink While Emerging Markets Grow by Leena Rao on Jul 13, 2010 Deloitte and the National VentureContinue reading “U.S. Venture Capital Industry Expected To Shrink While Emerging Markets Grow”
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