"Live Players" with Samo Burja and Erik Torenberg cover image

Brazil: A Country of the Future?

"Live Players" with Samo Burja and Erik Torenberg

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Proposed Plan for Economic Development in Brazil and Lessons for Other Countries

The proposed plan suggests focusing on a sharp diagnosis and imitating the East Asian model of industrialization by cultivating a small intelligentsia cadre to study and replicate successful government interventions in Japan, South Korea, and Taiwan. This approach involves electing a populist president who can understand and support the technocratic clique, creating a disciplined political party, winning elections, and governing for a decade to implement key ministries and economic policies. In terms of international relations, the plan recommends maintaining or strengthening ties with the United States while navigating potential clashes with the EU and the U.S. due to shifting trade policies. The strategy involves aligning economically with the Chinese bloc to balance between global economic powers. The plan emphasizes the need for well-trained academics with a nuanced understanding of economic models to form the basis of a coherent and explicit national development program. The focus is on establishing a functioning ministry under a charismatic president to drive reforms for up to a decade, even if the party's future is uncertain. The lessons from this proposed plan could be relevant for other countries, especially in Latin America, facing similar challenges in achieving economic development and navigating global trade dynamics.

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