Prosperity, Not Politics

Uncertainty over Brazil’s presidential elections are buffeting the international financial markets and threatening the long-term viability of key reforms made under President Cardoso. Murillo de Aragao argues that if the current front-runner, Luiz Inacio Lula da Silva, wins in October he must resist the temptation of adopting unorthodox policies or risk plunging the country in to serious crisis. Interventionist economic measures would threaten foreign investment, economic stability and fiscal performance.