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It’s all Brazil, all the time
Another day, another Brazil story. No, not Petrobras, though that is worth reading too.
Luciana Lopez has a story about soy and shoes. It might seem like an odd combination but the two are important industries in Brazil which is undergoing an economic transformation as it comes to terms with China’s growing global clout.
Agriculture is booming, helped by China’s appetite for soy, but factories that used to produce shoes for the global market are struggling to compete with cheaper Chinese goods.
The question is will Brazil be able to take advantage of the huge benefits from China’s growth without seeing its manufacturing industry wiped out. Read the full story here.
And if you missed our special report on Dilma Rousseff yesterday, here it is again.