CAMBRIDGE: Today, worries about Brazil are as pervasive as they were about Mexico two years ago. But that does not mean that Latin America's biggest economy will collapse as ignominiously as Mexico's did. However, Brazil is driving in the wrong lane, with policies that are dead wrong and expensive.
CAMBRIDGE: Today, worries about Brazil are as pervasive as they were about Mexico two years ago. But that does not mean that Latin America's biggest economy will collapse as ignominiously as Mexico's did. However, Brazil is driving in the wrong lane, with policies that are dead wrong and expensive.