This week's In the News follows repercussions of world financial crises in the key Latin American economy of Brazil. The nine resources discussed provide background information, press coverage, and economic data on Brazil and related economies. With a population of 164 million and GDP of $480 billion, Brazil represents Latin America's largest economic force. Heavy US financial investments, however, tie Brazil directly to Dow Jones Industrial Average falls (reviewed in the
September 10, 1998 Scout for Business & Economics) and their Asian and Russian causes (reviewed in the July 16, 1998 _Scout Report for Business & Economics_--http://scout.cs.wisc.edu/report/bus-econ/1998/be-980716txt.html#22). International concern for Latin America grew when Brazil lost $1.8 billion in foreign capital following drops in the Dow, September 10, 1998--a decisive factor in stock tumbles in Mexico and Venezuela as well. Such damaging results led to a bold rise in interest rates from the Banco Central do Brasil and negotiations with the IMF. A US and Brazilian market rally since September 11, however, leaves many officials hopeful for a stable Latin American future.
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