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Will Brazil’s Privatization Drive Pay Off?
The Brazilian government is pushing to privatize state assets in a bid to raise revenues and boost investment. Highways, ports and the country’s mint, among other state assets, are up for privatization. In late August, President Michel Temer traveled to China to meet with potential investors. How big of a role will China play in Brazil’s privatization plans? Is it a good idea for Brazil to relinquish state control of dozens of state firms? To what extent will Temer’s privatization efforts strengthen Brazil’s economy?