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Introduction
Over the past fifteen years Brazil has made remarkable transformations from economic isolation to global integration to becoming a leading market. Some high points in the development include the privatization program started in 1990, extensive import tariff reform during the early 1990s, external debt re-negotiation completed in 1994, and the termination of the Asuncion treaty (which allowed for more exclusive trade in South America). Then, Mercosur began on January 1, 1995. Control of inflation was perhaps the single most important development contributing to Brazil’s recent economic and political stabilization. By containing inflation and promoting fiscal reform, the Brazilian Government inspired domestic and foreign investor confidence and spurred internal consumption and foreign investment levels. Extensive legal reforms followed to help Brazil’s legal framework keep pace with rapidly changing economic realities, particularly enhancing foreign investment......
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Title: Brazil Investment Profile
Approximate Word Count: 4142
Approximate Pages: 17 (250 words per double-spaced page)
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