Tuesday, July 10, 2012

Why Brazil Won't Take Off

Today the FT has a story on Brazil's growth pains that starts with Corinthians, the second most popular Brazilian team, fielding a Chinese player to help it sales in China

The player in question, Chen Zhizhao, neatly summarizes why Brazil still has a long way to go if the country really wants to take off:

“In China, not much people [are] interested in football. The children are studying too much.”

Given the current state of Brazilian education, awful at all levels, there is no way the country can ever compete in human capital-intensive industries. All that is left is being good as a primary goods exporter. Even at that, we also need to get serious about infrastructure.

I wish I could be more optimistic about my own country...

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