Brazil will surprise the world with its latent potential, says Sergio Machado

Brazil is touted to emerge as one of the stronger economies of the world in next few years. This has put the country in a very powerful position at the global belvedere. The fact that Petrobras has emerged as the second most profitable company in America is an evidence enough to support the statement.

This isn’t something which Brazil is experiencing for the first time. There was a time when Brazil was among the most successful economies in the world. But due to some external circumstances and unfortunate upheavals, there was a lull in the economy. But the turnaround has already begun, says Sergio Machado, ex-President of Transpetro.

American President Obama’s recent visit to Brazil and Dilma Rousseff’s visit to China is a clear indication that Brazil is looking towards an array of prospects and the country must be prepared to make the most of these opportunities.

Brazil, due to its diversified set of advantages seems to be a better prospect than big economies like China and Russia at various levels. It is the country with largest arable land and will soon become a major supplier of oil and ethanol.

A major reason for such great prospects of Brazil is because of political stability and its glorious history. Sergio Machado draws an analogy between the good times that are to follow and the ones that existed. He remarks that both the times, there was a coming together of various intelligent minds and visionaries who, wither their esteemed leadership, would take Brazil towards unparalleled success.

Machado is extremely hopeful that the coming generation of youngsters would take care of the situations in the best way possible and bring more laurels to the country. The success, he says, is to be taken.