Looking for Leadership
President Luiz Inácio Lula da Silva has steered Brazil away from the brink of collapse. But jobs remain scarce, poverty is pervasive and investors are few.
It is nine months since President Luiz Inácio Lula da
Silva marched triumphantly up the ramp of the presidential
Planalto Palace in Brasília at an emotional inaugural
ceremony. Many Brazilians expected that once his Workers Party
(PT) was in power, their lives would quickly begin to improve.
They have been disappointed - one in eight workers is
unemployed and incomes in May were down 15% in real terms. With
per capita GDP growth near stagnant, the economy is barely
ticking over. Lula, an inspired politician and the son of a
migrant worker from the impoverished northeast of Brazil, was
careful from the very start of his four-year term not to
inflate expectations. However, he did promise to immediately,
"Recover the dignity of the Brazilian people, recover
self-respect and spend each penny that we have to improve the
standard of living of all women, men and children."...
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