Michael Reid is the Economist's Latin American columnist. He lived in Brazil from 1996 to 1999 and has been a frequent visitor since. His books include Forgotten Continent: The Battle for Latin America's Soul.
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Experts believe that Brazil, the world's fifth largest country and its seventh largest economy, will be one of the most important global powers by the year 2030. Yet far more attention has been paid to the other rising behemoths, Russia, India, and China.... SEE MORE