Gustavo Ballvé on October 25th, 2011
Food for thought, Home, Investment Themes, Portfolio Management

Amazing how governments, agencies and especially politicians in Brazil have still not realized that the cost of doing business in Brazil must go down. In fact, says the World Bank, Brazil is actually getting worse in this aspect (thanks to a Financial Times story). What kind of sustainable growth can we reasonably expect when only the private sector gets to worry about productivity, especially when the government is actually increasing in size? Governance systems… incentives… Almost one year ago to this date, we published “The amazing sausage factory“, going into these issues. Apparently this will become a (sad) annual feature here, but we won’t let go.

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