Highs and lows of Brazil's economic boom - 30 Sep 07

The US and European financial markets may have had their troubles in the past month, but there's one economy that is defying the global trends ...
Brazil's stock market has closed at a seven-year high on Friday - a sign Latin America's largest economy is building momentum.

But despite the positive turn toward prosperity, it seems not everyone's set to benefit.

Al Jazeera's Gabriel Elizondo reports 

Category:

News & Politics

Tags:

• jazeera
• aljazeera
• brazil
• economic
• stock
• markets
• Gabriel
• Elizondo

[jklasdfjdfksl]

its all about capital control, which is in the hands of the elite; therefore, when the market grows, those who own the capital and conspire with foreign interests get all the benefits. it sounds simple, and it is; its basically a theft from the public in the name of a "growing" economy. the question about who should be benefiting from a nation's wealth should be asked even before attempts to "grow" are started.

[LouisianaGatorGirl]

Gabriel Elizondo is an excellent reporter! He asks the hard question of how much of the money being made in the stock market is really reaching the poor people of Brazil. He is not satisfied with the platitudes of an economist, but interviews the man on the street. He not only mentions that poverty is actually worsening, but also cites the cause: globalization.

[liriodeouro]

i have been to brasil 3 times. every time i went there was a change, for better. on may 1st, 2011. i am moving there, hehehehe, can't wait.

[TheLovelife1988]

omg tha so stupit , in new york city , u cxan see that everywhere, brasil is the best country in the world, i love brasil.

[mrpaiva04]

Great country!

[xLanKx]

Brazil has changed a lot...

4 years ago I couldn't buy a computer. I'm going to buy my 3rd computer this year and money don't seem to be problem around my home anymore =]

some brazilians criticize the government for not doing any shit, but only because they haven't lived in a tough situation...They can't see the change

[zazezul]

o oriente medio eh q eh bom mesmo !!!!

viva al jazeera !!

[rafaelsouzasp79]

"The short term you don't see any benefits?"

How pathetic is Al Jazeera?

Brazilian government even was awarded by the United Nations for bringing 20 million people from poverty to middle class...

Al Jazeera... please, just leave Brazil.

[flaviofivela]

You know what, i believe that this country there's a lot of potential and could become a " first world country", however our politicians are the scam of the world, they only want to take advantaged of our taxmoney and make themselves even powerfull.

I don't love my country there's just so many ignorant people living in this country that they don't add nothing for this nation.

[StewartBrasil]

i gort beaten up on streets of londn, and never een beaten sao paulo. also never lived i n a place where people got stabed , only in britain, cos in sao paulo was quite safe.

[intensednt]

Eu amo meu Brasil!

[thestick52]

Just let's update this junk... What have the US and European financial markets brought to their own people in the end? The answer has 5 letters CHAOS!!!