Brazil’s industry titans worry they can’t compete

Dom Phillips – Bloomberg, 03/29/2012

The meeting between Brazilian President Dilma Rousseff and 28 business leaders on March 22 was a heavyweight encounter.

The president faced off with Brazil’s most powerful retailers, bankers and industrialists — who between them represented 12 percent of the country’s gross domestic product, the Folha de Sao Paulo newspaper reported.

Brazil’s captains of industry had come to deliver a somber message, one increasingly heard around Brazil: Domestic industry is losing the battle to cheaper imports. It simply isn’t competitive enough.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s