People (1)

People (1)

Brazil

Brazil is once again firmly established as one of the world?s favorite markets, both for bond investors who snap up its paper and for industrial companies that continue to pour prodigious amounts of foreign direct investment into the country. Its appeal is all the more striking when compared to the dismal scene in neighboring Argentina, the subject of this month?s cover story. Soon after Standard & Poor?s downgraded Argentina, it upgraded Brazil. The collapse in domestic and international confidence in Argentina at the end of 2000 contrasts with a tremendous vote of confidence for Brazil?s $1.5 billion, five-year bond issue in January. Naturally, this reflects a genuine improveme

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