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Recent Brazil research
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Understanding the risks of the 2010 presidential election
The 2010 presidential election looms large for investors mindful of Brazil’s short history of democracy, but we believe that major worries are misplaced. Increased economic prosperity has made the Brazilian electorate more conservative, leaving little room for a radical Chavez-like candidate or for excessively populist policies. Whoever wins the election in October will likely keep largely to the policies pursued by the Lula...