The New York Times has provided a comprehensive analysis on their perception of the current economic and political situation in Brazil, along with some mention of the BRICs (which stands for the countries Brazil, Russia, India, China and South Africa) updates as well.
In brief, one of the highlight quotes from the article mentions, “It is this: For all the pain Brazilians are going through right now, its democracy and its judicial institutions are working.”
“Corruption is such a part of public life,” says Riordan Roett, the director of Latin American Studies at Johns Hopkins School of Advanced International Studies. “But now people are being held accountable. There is a sense that things could actually change.”
“And unlike a half-century ago, when a military dictatorship overthrew a president whose left-wing programs it didn’t like — and held power for the next 21 years — there is no hint that such a thing could happen today. No matter how the economy goes, Brazilians are going to be able to choose their own leaders, and in so doing chart their own course.”
“It is the beginning of a new Brazil,” Roett says optimistically. It couldn’t happen to a nicer country.”
To read the entire article, click here.