Brazil's Next Step: Free Trade

It's time to take Brazil seriously. While the U.S. and Europe have focused much of their attention on Asia's miraculous rise and unexpected fall, Brazil has quietly turned itself into a serious economic contender. Its $800 billion economy is finally being whipped into competitive shape, providing an enormous market for goods and services and making itself extremely attractive to foreign investors. And as the recent Summit of the Americas in Chile shows, Brazil is now seizing the trade leadership of the hemisphere from the U.S.

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