Moving Past 'Emerging' Status

Financial and political stability keep Brazil attractive despite hurdles.

Brazil’s poverty rate remains high, despite a rapidly growing middle class, and outside the big cities, its infrastructure is still lacking. Nevertheless, it’s becoming harder and harder to classify the country as developing, given that in some areas—especially financial ones—it outpaces developed nations.

As with any developing country, risks remain. David Backus, a professor at New York University’s Stern School of Business, says that unlike neighboring countries, however, Brazil’s political system has remained stable.

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