The result of the presidential election in Latin America's largest nation has dusted off an old bromide: Brazil has a great future-and always will. This populous, resource-rich, continent-size country seemingly made enormous strides after going through a disastrous financial crisis in the late 1990s. Chronic inflation was halted, and antibusiness regulations were eased. Combined with the global commodities boom of the last decade, these measures sent Brazil's economy roaring ahead, and by 2010 the country's GDP ranked seventh in the world. It looked as though Brazil had made the leap to developed status and was, in terms of the size of its economy, ready to surge past such countries as Britain and France.
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