New Economic Boom Amid Suppression
Self-Confidence in 150th Year of Independence
Brazil, approaching its 150th anniversary of indepeadence this year,1 is a booming, headstrong nation which feels that its moment in the sun has finally arrived. The dynamic economy is the fastest growing in the western hemisphere, and worldwide only Japan and Israel boast of comparable rates of growth. Inflation is down and foreign-exchange reserves are rising. Internally, Brazil is undertaking projects to bridge the geographic and political barriers which for centuries have divided the country into economic islands. Two major cities, Rio de Janeiro and Sao Paulo, have dominated the country. Now a dozen or more cities, from Belem in the north to Porto Alegre in the south are assuming new importance. The new capital, ...