I have recently visited Brazil and I agree with emerging market investing legend Mark Mobius: the evolution of the country is very impressive and future opportunities remain appealing.
Investment Adventures in Emerging Markets
My worldwide pursuit of good investing bargains takes me to some magnificent countries. In my view, Brazil is certainly among the most beautiful and economically vibrant in the western hemisphere. Its Portuguese-speaking multiracial population of almost 200 million1 represents a growing and upwardly mobile consumer market.
Brazil is the fifth most populated country in the world and is chock-full of natural resources and rich farmland. Appropriately, the country’s name comes from the wood that grows along the coast, which was greatly valued by the European textile industry as a source of deep red dye as early as the 16th century. The nation is also home to the world’s largest, most biologically diverse tropical rainforest. In addition to being home to the Amazon River, the country’s Iguazu River leads to the spectacular Iguazu Falls and the Itaipu Dam, the world’s largest hydroelectric power plant by energy production.
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