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Brazil Is the New America: How Brazil Offers Upward Mobility in a Collapsing World Hardcover – August 7, 2012
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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
More About the Author
Top Customer Reviews
1. Author talks about Brazilian women too often and as objects of pleasure. Not sure, if this book is the right place to display the libido. Interestingly, his Brazilian wife divorced him.
2. Strong believer of Brazil. The chapter listing the downsides of Brazil is watered down and key issues (e.g. safety issues in cities like Sao Paulo) are ignored.
3. Very political. Fiercly Anti-Obama and anti-Gore. Not a word against George Bush junior and have Donald Trump as an endorser of his book. Makes one think.
This is a must read for anyone who is plugging along in the US thinking that things will work themselves out as they always have and "this too shall pass". It won't, and this book will show you why!
In 1964, I was sitting in an economics classroom when the Professor said, "Brazil has had a brilliant future in front of it for the past 100 years." That futurre appears to have arrived after an additional 50 years.
Davidson covers the reasons very well: the macro economic trends, the geography, the fact that Brazil has handled racial and religious diversity better than anywhere else in the world and others
I only gave him 4 stars because he missed what is perhaps the single most important reason Brazil will lead the world in economic growth in the next 50 years. Ricardo Semler is leading the business world in bringing Democracy to the workplace: making all workers as managers, managing without managers, and cooperation with unions rather fighting them. He has grown the business he inherited from his father, a marine pump manufacturer with $4 million in sales to a diversified company with over $212 million in sales. He did it by handing almost all of the management, the power and the profits to the workers. All employees set their own schedules and their salaries. I know that seems almost impossible. It is true.
My suggestion to Davidson is to include a chapter on the Semler philosophy in the next edition. In the mean time please read his books "Maverick" and "The Seven Day Weekend" and views his videos at Harvard and MIT. Start here: TED: Ricardo Semler Radical wisdom for a company, a school, a life. You will learn and Laugh. Semler is a mensch.
Most Recent Customer Reviews
Turns out to be just another right-wing political screed. Little information, lots of regressive opinions, and many misleading statements. Read morePublished 20 months ago by Scott Cochran
Eye-opening book. Shows all the details about the bright future that Brazil could have, in addition to the challenges the US faces. Read morePublished 20 months ago by Schuby
One of the first things you'll notice about this book is that 3/4ths of it is spent not even talking about Brazil and instead the author indulges in long Ron Paul like whining... Read morePublished 21 months ago by Oerdin
The author shows why Brazil will become a top economy in the following decades and why the USA has already started to lose economic power. Read morePublished on September 5, 2013 by Guilherme Ribeiro
In chapter 4, a scheme (featured in the November 2009 issue of Scientific American) to provide all the world's energy from wind, water and solar is mentioned. Read morePublished on August 15, 2013 by Lars
Is it possible to give a book a negative star?
As an ex-pat living in Brasil I was excited to find this book, and downloaded it on my kindle. Read more
This book provides little insight into Brazil. It's mostly a manifesto about what the author sees as unwise US economic policies.