Brazil’s monetary jeitinho

Samantha Pearson – Financial Times, 01/15/2013

If there’s one Portuguese word you need to learn before coming to Brazil it’s jeitinho. Literally “little way”, it refers to the nationwide habit of circumventing rules or conventions through highly creative, cunning and sometimes downright illegal tactics.

Can’t get tickets to a show or pass your driving test? Don’t worry; you just need to find a jeitinho. It also works for managing the economy, it seems.

With growth still sluggish and prices rising faster than expected, Brazil’s central bank and finance ministry are also becoming pros at the jeitinho – albeit the legal kind.

Read more…

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