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Brazil’s Growth Conundrum

SANTIAGO – Brazil needs to grow more. That is what the country’s president, Dilma Rousseff, keeps telling Brazilians. With the economy nearly stagnant in 2011 and the first half of 2012, faster growth is a political necessity for her. But her admonition also reflects a broader national preoccupation with economic might, befitting a vast country with continent-size aspirations.

That outlook sets Brazil apart in a region where politicians – from Argentina and Chile to Ecuador and Venezuela – often seem more concerned with handing out slices of natural-resource wealth than with creating new sources of prosperity.