The question was put by Willian Mathis in a very interesting article posted in Brazzil.com. He says Brazil is possibly one of the globe’s most popular and successful nations, experiencing limited negative impact from the global economic crisis that ravaged Western economies, and having beaten out both Chicago and Tokyo for home field advantage in the 2016 Summer Olympics.
In another quite revealing article by Sarah Lacy for Tecnocrunch.com, she says Brazil is sort of a strange country to throw into the “emerging market” category. It’s not a particularly young country like India or Israel, nor is it a country like China or Russia that embraced capitalism fairly recently. Brazil is as old as the US and has had a decently built out infrastructure of things like roads and phone lines for some time.
Yes, it’s a growing country with a young and stabilizing democracy that has a long way to go in terms of technology, modernization and bridging a quality of life between very wealthy and very poor. In that sense, it shares enough in common with emerging markets that Wall Street, at least, tosses it in the “BRIC” bucket. Indeed, Wall Street has had a way bigger crush on Brazil to date than Silicon Valley.