BRAZIL: By the Bootstraps

Like a sick man hanging on the doctor's opinion, Brazil's business and financial world awaited the final report of the Abbink Commission. This joint U.S.-Brazilian team of 105 experts, led by U.S. Economist John Abbink (chairman of McGraw-Hill International Corp.) had begun its study of Brazil's ailing economy six months ago; since then, businessmen and politicians in Rio had speculated endlessly on the probable diagnoses, the possible cures. Some had hopefully regarded "los Abbinks" as advance agents of the U.S. Treasury. Last week, when the U.S. State Department finally published a summary of the report, the optimists got a...

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