From the Inside Flap
Even before the subprime crisis of 2008, economic growth in the United States was steadily decelerating. Over the eighty-year span from 1929 to 2009, average annual GDP growth was 3.6 percent, but the ten-year growth rate was only 1.9 percent and the five-year growth rate was less than one percent. With unfunded Medicare and Social Security liabilities growing at a rate of 33 percent of GDP ($5 trillion annually), the U.S. faces the greatest solvency crisis in history. Ever shrinking incomes and an erratic stock market combine with a widening gap between spending promises and actual resources to create a perfect storm of downward mobility.
As the U.S. grows more bankrupt by the day, many Americans are looking for investing opportunities abroad, but the familiar, traditional "advanced" temperate-zone economies of Europe and Asia seem just as bleak. In Brazil Is the New America: How Brazil Offers Upward Mobility in a Collapsing World, acclaimed entrepreneur James Davidson presents another option, explaining how Brazil has emerged as the new destination for investment success.
While the United States remains in the throes of financial crisis, Brazil has already undergone its own period of wrenching adjustment and has come out the other side all the stronger for it. Having learned its inflation lesson, Brazil is now reinstituting high-interest credit, paving the way for impressive growth prospects over the next decade, while transforming the country into an investor's dream.
With a population just two-thirds the size of that of the U.S., Brazil has created over 15 million jobs in the past eight years, while the U.S. lost jobs. Combining energy independence and vast natural resources, including 60 percent of the world's unused arable land, and 25 percent of its fresh water, Brazil is the first tropical superpower, offering a whole new frontier for growth. Add in a young population, a relatively underleveraged consumer economy, and a per capita GDP that has more than doubled in the last decade, and you have a recipe for investment success.
The awakening of the long slumbering giants, China and India, will profoundly reshape the world economy, and one country is sure to benefitBrazil. Whether you're looking to relocate yourself and your entire business, or simply want to put your money to work somewhere that still has the potential to grow, Brazil Is the New America tells you about everything you need to get started.
From the Back Cover
Praise for Brazil Is the New America
"This is a book about your future. If you wonder why Morgan Stanley chief investment strategist David Darst warns that Brazil is becoming more like what America used to be and America is becoming more like what Brazil used to be, look no further. James Davidson explains it perfectly."
"There's a lot that Americans can learn from other countries. In this book, James Davidson offers an insightful analysis of the surprisingly promising Brazilian economy. You will learn how 'the country of the future' holds promise whether you're an investor or an entrepreneur."
—Chris Ruddy, CEO and President, Newsmax Media
"Brazil Is the New America is far better than the title suggests. The title tells you that you're going to find out why Brazil is the next America, which you think you already know, but the book gives readers far more—the hidden role of BTUs, the Little Ice Age, and 'debtism.' In a way, it's a shame to find these tucked away in a book on Brazil. I read the Financial News and the Financial Times every day—Roubini, Ferguson, Grant, Hendry, Wolf—but Jim Davidson's macro-historical writing is the best. It is original. It is dense. It is clever."
—Bill Bonner, bestselling author
"Today's default view of the future says all prophets are false prophets: since we cannot divine determinate trends, we ought to learn to cope with uncontrollable surprises. In Brazil Is the New America, James Davidson wisely rejects this prevailing attitude, making definite forecasts with uncanny prescience. America's preeminence will give way as Davidson predicts, unless we confront and reverse the decelerating economic progress he so deftly describes."
—Peter Thiel, entrepreneur, investor, and philanthropist; cofounder, PayPal
"James Davidson has written the best account of the development of the Brazilian economy, which is now outstripping the United States. I strongly recommend Brazil Is the New America: How Brazil Offers Upward Mobility in a Collapsing World."
—Lord William Rees-Mogg, former Editor, The Times of London