Brazil at a Competitive Disadvantage on Costs

Brazil at a Competitive Disadvantage on Costs

Post on January 23, 2013, 3:00 pm by the-victoria-law-group 7 Comments

Brazil’s infrastructure, high taxes and bureaucracy have been a burden to Brazil’s economic development for a long time. Nonetheless, Brazil has managed to post outstanding economic results over the past decade, and is firmly established as one of the countries to watch, a certified BRIC country.  However, its dominance is under threat as other emerging markets compete fiercely on cost. “The last decade was very good for Brazil,” James Lockhart Smith, head of Latin America, Maplecroft, told CNBC.”Now, Brazil is having to compete with a lot of other countries and it has an Achilles heel in the cost of doing business, so it’s much more complicated to generate growth.”

Read Catherine Boyle’s CNBC article here:

Presented by Miami International Business Attorney

Filed Under: Business in Brazil

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