Lulu’s Way

Brazil is beating the odds with an President who successfully balances economic principles with a social conscience. It can work, even in bad economic times.

Here’s how BusinessWeek describes the situation:

“Lula has reason to be proud. The former union activist, who never finished elementary school, has been a surprisingly careful steward of Brazil’s economy. In a country long plagued by hyperinflation, devaluations, and defaults, Lula last year won investment-grade status for Brazil’s sovereign debt. And he did it while expanding social programs that have dramatically reduced poverty rates and spurred expansion of the middle class.”

http://www.businessweek.com/magazine/content/09_33/b4143042830503.htm?campaign_id=mag_Aug6&link_position=link44