Brazil´s well respected Instituto de Pesquisa Econômica Aplicada (IPEA) has just published a study which concludes that: “If Brazil maintains the same trend toward decreasing poverty and inequality as it has in the past five years, by 2016 these social indicators will resemble those found in developed countries. Extreme poverty could be eradicated for all practical purposes, and income inequality could be furthered reduced below the Gini coefficient of 0.500.” For Brazilians the news couldn´t be better. For centuries Brazil promised prosperity amidst the constant plague of poverty and inequality. Today the tide has turned, and it appears that indeed the poor shall inherit Brazil.
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