BUSINESS ABROAD: Brazil's Wild West

Americans have always dreamed of the great frontier, where the wind blows free—and land is cheap. Last week many a land-hungry U.S. citizen thought that he had found a frontier where land is so cheap that a few cents buys an acre. The new frontier is in Brazil, where a giant land development push is rivaling the rough days of the American West. Along with Brazilians, Japanese and Germans, hundreds of U.S. investors have bought cattle and coffee ranches, speculated heavily in still-uncleared jungle lands along the route of projected highways and railroads....

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