Brazil: How to Do Business Amid Chaos

Like the Amazonian rain forest or the skyline of São Paulo, inflation in Brazil never seems to stop growing. The cost of living last year rose 80.7% : auto prices increased 100% , drugs 78% and food 77% . Last week Brazil's prices began a new spiral that threatens to make last year's inflation appear mild.

President Joao Goulart has just signed a decree doubling the monthly minimum wage for urban Brazilian workers to 42,000 cruzeiros, which is $68 on the official exchange rate and about $30 in actual buying power. The workers are glad to get the cash they...

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