November 3, 2018 |
Nothing better illustrates the painful consequences of Brazil’s deteriorating infrastructure than last May’s nationwide trucker strike. As drivers walked off the job to protest higher fuel prices, Brazil’s economy nearly ground to a halt. With trucks and buses handling more than 60% of the nation’s passenger and freight traffic, the delivery of everyday staples, such as food, even medications, was severely disrupted over a 10-day period. Grocery store shelves emptied; the lines of cars outside gas stations stretched ever longer.
While the hardships that the strike created for households across the nation cannot be overstated, the biggest casualty was Brazil’s fragile recovery from the crippl
Brazilian pension funds could invest upwards of 100 billion reais in the
nation’s ailing infrastructure—provided the conditions are just right.