Brazil: Short Term Sacrifice - Long Term Gains

Lula da Silva

Bloomberg - Eight years ago, a newly elected president, Luiz Inacio Lula da Silva, faced the challenge of saving Brazil from economic and financial collapse. Last Saturday, Lula passed the presidency to Dilma Rousseff having done much, much more than that during his two terms. In the process, he relied on four simple pillars that other leaders would be well advised to consider.
After winning a hotly contested presidential election in 2002, Lula overcame tremendous domestic and international skepticism to guide his country to a development breakout phase. As a result, he left the presidential palace last weekend with Brazil in a position to sustain high economic growth for many years, strengthen an already robust financial situation, and better meet the aspirations of the poorest segments of its society. Read full column here:

Brazil: Short Term Sacrifice - Long Term Gains