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Brazil’s Economic Boom
May 14, 2008Article by Ray Withers
Brazil is really booming like a very loud booming thing at the moment. It’s quite exciting to watch especially if you’re inclined to consider a tasty bit of overseas property investment.
Brazil’s economy is among Latin America’s strongest, but success comes at a cost. Rights groups estimate that more than 25,000 Brazilians work in brutal conditions in industries such as mining and farming.
“I helped make my career by being very disciplined about opening offices,” he says. Yet in nine months Blankfein has announced or opened offices in São Paulo, Moscow, Tel Aviv, Mumbai, Qatar, and now Dubai. “We’ve never done anything close to that before,” he marvels. “The week before Dubai, I was in Turkey, and before that, Russia and China. I’m really living the BRICs-plus-Middle East kind of life.”
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