It’s been a great millennium for Brazil, so far. The country’s economy has boomed, wages have risen sharply, and joblessness has fallen to levels that economists deem pretty close to “full employment.” Government policymakers have kept deficits relatively low and inflation in check — at least by Brazil’s historical standards. And the World Cup and Olympics are coming! Yay!
Would You Rather Have Brazil’s Economic Problems or America’s?
In Brazil, wage increases outpace productivity gains. In the U.S., it’s the reverse.
December 05, 2013
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HBR Learning
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Time Management. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Make smarter, more purposeful choices about how you spend your day.