More to Brazilian economy than sports
An investment expert says the Olympics and World Cup are not the major drivers expected to boost Brazil's economy.
I would say that Brazil has today pretty stable regulatory framework and I think investors in end of the day they do recognize that。And I think Brazil is pretty different from other emerging markets,like Russia or even China that。。。
How so?Why?Why is Brazil different and perhaps even more lucrative an investment place?
Well,I was making the point of our regulatory frameworks so I am thinking investors they do have the trust that the rules will not be changed over the course,the life of the investment.You ask me about the private equity international firms.They are paying a lot of attention to Brazil.Some of them,they are hiring the local teams.And I believe the local form will be and to be or the right form will be and to be there.If you do it from abroad,I think you are gonna take a lot of risks on the investments.
Even if you look from the bottom-up,a company rather than the overall economy,we can't escape the fact that Brazil is gonna to be hosting major sports evet.And that's going to prompt big socio-economic changes.It could be a catalyst for all sorts of things,it's going to put Brazil on the map like it has never been before.That's gonna change Brazil.
You are right。I think the major changes are already behind us。As we were talking to them during a panel here at a L business school,they are worrying number of Brazilians,millions of Brazilians that for the first time,they got a formal job。For the first time,they got a bank account because of the formal job。With the bank accout access to credit,and access to consumption,I think this is done,right?I think the Olympic games and World Cup will help and we will keep improving the economy because of that。Well,I don't think that this is the major drive for the Brazilian growth moving forward。