Brazil Archive

When Brazil’s lower house voted Sunday in favor of launching impeachment proceedings to unseat President Dilma Rousseff, it loosened one more rock in what has recently seemed like an avalanche of disastrous news for Latin America’s left. There’s no question that the left, which in the not-very-distant past appeared unstoppable, has been on the receiving end of voters’ frustrations with all that ails the region. And yet, observers taking the measure of Latin American politics routinely overlook another part of the picture: Politicians of all stripes are getting battered, beaten and rejected by a restive public. Latin American voters are […]

The rise of a global middle class has been one of globalization’s great victories, but the surge in income and consumption in the developing world may be more of a temporary anomaly than a long-term trajectory. Some developing countries have ridden a commodities super-cycle to middle-class status, but most never made it or were far too late with the investments that might have converted the boon into more sustainable growth paths. Commodities are cyclical, and the global middle class may prove to be so as well. From 2001 to 2011, there was an unprecedented surge in the number of people […]