Неуязвимая Бразилия?

В последние годы в дебатах на экономические темы в Латинской Америке преобладали два вопроса. Первый: когда закончится сегодняшний период высокой международной ликвидности? Второй: что случится, когда это произойдёт? Мы можем добавить ещё и третий, сопутствующий, вопрос: готовятся ли правительства Латинской Америки к этому дню? В случае Бразилии, ответ кажется неясным, по крайней мере, на первый взгляд.

С одной стороны, Бразилия практически ничего не сделала в отношении экономических реформ после формирования правительства президента Луиса Инасио Лула да Сильвы в 2003 году. Важнейшие изменения налогового и трудового законодательства, а также пенсионной системы просто не были сделаны.

С другой стороны, в то время как раньше кредиторы требовали от Бразилии обязательств, которые было практически невозможно выполнить из-за политической ситуации, сложившейся в стране, сегодня эти же самые кредиторы, похоже, полностью удовлетворены Бразилией, несмотря на бессилие ее экономической политики.

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