Inequality Is Brazil’s Achilles Heel
The agribusiness boom isn’t enough to combat the deep social gaps hindering Brazil’s growth.
Brazil’s social gap, which had seemed almost bridgeable in the 2010s, is now a widening fault line that threatens the country’s potential for growth unless long-term structural and educational reforms are undertaken. The pandemic wreaked havoc on the lives of the world’s poor, turning a bad situation worse. For the rich across the globe the story was different. And in Brazil, the country that already boasted the title of the most unequal in Latin America, the World Bank’s Gini coefficient measuring inequality reached its highest number on record, 0.674, in the first quarter of...
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