The Middle Income Trap

Brazil was at the mercy of the middle income trap. It has been seen time and time again that nations embracing modern industry will undergo a sustained economic boom, which then comes to a grinding halt when their population reaches the global middle class. This anger was one of the driving forces that led to the election of Brazil's current president, Jia Bolsonaro. Elected in 2019, he attracted the attention of the world for his flamboyant rhetoric and radical economic plans.