Brazil has the world’s largest freshwater supplies, the largest tropical forests, and land so fertile that some farmers manage three harvests a year. It also has huge mineral and hydrocarbon wealth. Dozens of books published over the past two centuries have recognised Brazil’s potential. But it is only in the last 20 years or so, since the passing of the Latin American debt crisis of the 1980s and the end of the Cold War, that Brazil has begun to play a role in regional and world affairs corresponding to its size, natural resource wealth, and economic power.
Brazil was the first Latin American country to emerge from the recent recession and now is awash with foreign capital. But it still has challenges to overcome. There is a Brazilian joke: ‘Brazil is the country of the future — and always will be!’
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