Will a Shortage of Qualified Labor Derail the Brazilian Economy?
Published: January 03, 2012 in Knowledge@Wharton
Brazil is booming. In contrast to the economies of the U.S. and the Eurozone — where a mix of debt woes, dysfunctional politics and consumer weakness has conspired to dampen economic growth — Brazil is on track for yet another year of above-average GDP performance. Driven by a number of factors — including Chinese demand for raw materials, a fast-growing and highly acquisitive middle class, large inflows of foreign investment and the ongoing development of its vast pre-salt oil deposits — the country is experiencing a multiyear growth spurt unlike any in its recent past.