It was no coincidence that the keynote address at the G-20 meeting of representatives of the world’s largest economies in Washington, D.C., last November was delivered by Brazilian President Luiz Inácio Lula da Silva. In the new world order, Brazil has taken its place at the head table with a 2007 GDP of $1.85 trillion and real growth rate of 5.4 percent. The “B” in the so-called BRIC countries (that also include Russia, India and China), it stands as South America’s largest economy, not ...

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